As we can see on the chart, we have the green which has been touched. This zone has been resistance on October 25 in 2019, Februari 13 of 2020 and in May and June of this year. This implies that this is a zone of significance. What this Also means is that on 27 Juli of 2020, the price has broken the for the first time in a long period.
Now in , one of the basic fundamentals is previous resistance becomes new support which brings us to the price of today. For the first time since October 2019, Bitcoin has made this its support. This is extremely because it implies that the price has now broken a barrier and has made its barrier its new foundation.
To summarize: Bitcoin has broken its year long and has now confirmed it as its new support which is