May 12, 2026

A bounce here – too perfect?

A bounce here - too perfect?

A bounce here - too perfect?

A bounce here – too perfect?

Bitcoin / US Dollar (calculated by TradingView) BINANCE:BTCUSD
mxquillen


A bounce here - too perfect?

BTC held tight exactly at $39500 on the upper trend line support – drawn from the daily closes from Jan 24th – Feb 24th.

Can Bitcoin reach lower to the bottom trend line of the wick lows from this same date range – coming in at approx. $36500?

If it holds at either level we have confirmed higher lows and may be in for an all time high later this year.

If not, to goblin town.

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