{"id":121676,"date":"2019-12-22T08:47:20","date_gmt":"2019-12-22T08:47:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=121676"},"modified":"2019-12-28T02:48:32","modified_gmt":"2019-12-28T02:48:32","slug":"the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/","title":{"rendered":"Analyst: Here&#8217;s why the Bitcoin multi-year trendline will break"},"content":{"rendered":"<p>Two of the most prominent analysts in the industry maintain that a multi-year support trendline could contain Bitcoin from a further drop. But, there is one popular chartist who believes that \u201cmulti-year straight lines and long term log charts do not mix too well.\u201d<\/p>\n<h2>The infamous support trendline<\/h2>\n<p>On Nov. 22, <a href=\"https:\/\/cryptoslate.com\/people\/tuur-demeester\/\">Tuur Demeester<\/a>, a founding partner at Adamant Capital, <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/1197934885287211008?s=20\">pointed out<\/a> that Bitcoin entered a parabolic advance in January 2015. Since then, he believes that the uptrend has remained intact since the flagship cryptocurrency continues to be held by it throughout the years.<\/p>\n<figure style=\"width: 2364px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EJ_rbQeXUAIqm9_?format=png&name=4096x4096\" alt=\"BTC US dollar price chart\" width=\"2364\" height=\"1146\" \/><figcaption class=\"wp-caption-text\">BTC\/USD chart by\u00a0Tuur Demeester<\/figcaption><\/figure>\n<p>As BTC plunged to $6,480 on Nov. 18, Demeester <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/1207353822617776131?s=20\">noted<\/a> that this multi-year support trendline was able to prevent this crypto from going lower.<\/p>\n<p>Nevertheless, he <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/1197975763762450434?s=20\">emphasized<\/a> that as Bitcoin \u201cslowly approaches maturity\/saturation,\u201d the uptrend will progressively slow down, which will result in the violation of the \u201cparabolic trendline.\u201d<\/p>\n<figure style=\"width: 1968px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EMFh5qZXYAIz4c8?format=jpg&name=large\" alt=\"BTC US dollar price chart\" width=\"1968\" height=\"1046\" \/><figcaption class=\"wp-caption-text\">BTC\/USD by\u00a0Tuur Demeester<\/figcaption><\/figure>\n<p>Along the same lines, <a href=\"https:\/\/cryptoslate.com\/people\/peter-brandt\/\">Peter Brandt<\/a>, a 45-years trading veteran, <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1207367441594093569?s=20\">highlighted<\/a> the significance of the support provided by this price level. According to Brandt, if Bitcoin can bounce off the support trendline, it could break out in an upward direction to begin a <a href=\"https:\/\/cryptoslate.com\/a-renowned-technical-analyst-weights-on-bitcoins-path-to-100000\/\">new parabolic phase<\/a>. Such a bullish impulse would take it to \u201cattack\u201d the all-time high of 2017 and \u201cslice\u201d decisively through it.<\/p>\n<p>Despite the bullish outlook, the analyst explained that if the trendline is not able to hold another downward move, Bitcoin would be bound for a further decline.<\/p>\n<p>Brandt <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1198038870463598593?s=20\">said<\/a>:<\/p>\n<blockquote><p>\u201cI think a prolonged journey below the line might be needed to thoroughly prepare BTC for the move to $50,000. The bulls must first be fully purged. When no bulls can be found on Twitter, then we will have a great buy signal.\u201d<\/p><\/blockquote>\n<figure style=\"width: 1110px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EMFuSFXWoAA-l6u?format=png&name=medium\" alt=\"BTC US dollar price chart\" width=\"1110\" height=\"662\" \/><figcaption class=\"wp-caption-text\">BTC\/USD chart by Peter Brandt<\/figcaption><\/figure>\n<h2>Trendlines are \u201cdestined to fail\u201d<\/h2>\n<p>Despite the importance that Demeester and Brandt have placed on this support level, Dave the Wave, a technical analyst and Bitcoin investors, <a href=\"https:\/\/twitter.com\/davthewave\/status\/1207505226351042561?s=21\">claims<\/a> that multi-year trendlines serve \u201cmore as projections rather than support.\u201d<\/p>\n<p>He argues that no so long ago, investors were putting a lot of weight on a support trendline that formed in early 2012, but after it failed, the focus shifted into a new one.<\/p>\n<p>Dave the Wave affirmed:<\/p>\n<blockquote><p>\u201c[The new] multi-year straight line on a log chart, whether called a \u2018parabolic uptrend\u2019 or a long-term trendline, is destined to fail.\u201d<\/p><\/blockquote>\n<figure style=\"width: 1782px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/ELPMplAU4AEuyGV?format=jpg&name=large\" alt=\"BTC US dollar price chart\" width=\"1782\" height=\"852\" \/><figcaption class=\"wp-caption-text\">BTC\/USD chart by Dave the Wave<\/figcaption><\/figure>\n<p>Although this analyst dismisses the level of support that trendlines can provide, he <a href=\"https:\/\/twitter.com\/davthewave\/status\/1202838727069798400?s=20\">relies<\/a> on a \u201cgreater cyclical curve\u201d that is forming since Bitcoin was launched. Under this premise, the pioneer cryptocurrency could have more legs down to go before marking the bottom of its bearish trend.<\/p>\n<figure style=\"width: 1782px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/ELFXFlEU0AI4hFY?format=jpg&name=large\" alt=\"BTC US dollar price chart\" width=\"1782\" height=\"852\" \/><figcaption class=\"wp-caption-text\">BTC\/USD chart by Dave the Wave<\/figcaption><\/figure>\n<h2>Moving forward<\/h2>\n<p>Multiple analysts have come out to support the idea that the current price levels present an excellent opportunity to <a href=\"https:\/\/cryptoslate.com\/key-indicator-shows-its-time-to-accumulate-bitcoin-but-the-bottom-is-far-ahead\/\">accumulate Bitcoin<\/a>. Meanwhile, others have argued that this cryptocurrency could be <a href=\"https:\/\/cryptoslate.com\/is-bitcoin-bottoming-out-like-it-did-a-year-ago\/\">bottoming out<\/a>. The different perspectives can be felt throughout the entire market, leading one to believe that nobody knows where BTC is heading. Time will tell whether the flagship cryptocurrency is poised for higher highs or lower lows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two of the most prominent analysts in the industry maintain that a multi-year support trendline could contain Bitcoin from a further drop. But, there is one popular chartist who believes that \u201cmulti-year straight lines and long term log charts do not mix too well.\u201d The infamous support trendline On Nov. 22, Tuur Demeester, a founding [&hellip;]<\/p>\n","protected":false},"author":148,"featured_media":121678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst: Here&#039;s why the Bitcoin multi-year trendline will break<\/title>\n<meta name=\"description\" content=\"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn&#039;t think so.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst: Here&#039;s why the Bitcoin multi-year trendline will break\" \/>\n<meta property=\"og:description\" content=\"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn&#039;t think so.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-22T08:47:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-28T02:48:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/12\/bitcoin-trend.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Martinez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Martinez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#person\",\"name\":\"Ali Martinez\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"caption\":\"Ali Martinez\"},\"jobTitle\":\"Analyst\",\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he star...\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/satoshilatino\",\"https:\/\/www.linkedin.com\/in\/ali-martinez\"]},\"headline\":\"Analyst: Here&#8217;s why the Bitcoin multi-year trendline will break\",\"datePublished\":\"2019-12-22T08:47:20+00:00\",\"dateModified\":\"2019-12-28T02:48:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\"},\"wordCount\":559,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Analysis\",\"Price Watch\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\",\"url\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\",\"name\":\"Analyst: Here's why the Bitcoin multi-year trendline will break\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2019-12-22T08:47:20+00:00\",\"dateModified\":\"2019-12-28T02:48:32+00:00\",\"description\":\"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn't think so.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analyst: Here&#8217;s why the Bitcoin multi-year trendline will break\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74\",\"name\":\"Ali Martinez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg\",\"caption\":\"Ali Martinez\"},\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started accumulating BTC since then. Ali has been working as a content writer for some of the leading media outlets in the cryptocurrency industry.\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Analyst: Here's why the Bitcoin multi-year trendline will break","description":"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn't think so.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Analyst: Here's why the Bitcoin multi-year trendline will break","og_description":"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn't think so.","og_url":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/","og_site_name":"CryptoSlate","article_published_time":"2019-12-22T08:47:20+00:00","article_modified_time":"2019-12-28T02:48:32+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/12\/bitcoin-trend.jpg","type":"image\/jpeg"}],"author":"Ali Martinez","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Ali Martinez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/ali-martinez\/#person","name":"Ali Martinez","url":"https:\/\/cryptoslate.com\/author\/ali-martinez\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/ali-martinez\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/ali-martinez\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg","caption":"Ali Martinez"},"jobTitle":"Analyst","description":"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he star...","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/satoshilatino","https:\/\/www.linkedin.com\/in\/ali-martinez"]},"headline":"Analyst: Here&#8217;s why the Bitcoin multi-year trendline will break","datePublished":"2019-12-22T08:47:20+00:00","dateModified":"2019-12-28T02:48:32+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/"},"wordCount":559,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Analysis","Price Watch"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/","url":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/","name":"Analyst: Here's why the Bitcoin multi-year trendline will break","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2019-12-22T08:47:20+00:00","dateModified":"2019-12-28T02:48:32+00:00","description":"Some of most prominent analysts maintain that a multi-year support trendline could contain Bitcoin from a further drop, but one of them doesn't think so.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/the-bitcoin-multi-year-trendline-will-break-says-renowned-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Analyst: Here&#8217;s why the Bitcoin multi-year trendline will break"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74","name":"Ali Martinez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg","caption":"Ali Martinez"},"description":"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started accumulating BTC since then. Ali has been working as a content writer for some of the leading media outlets in the cryptocurrency industry.","url":"https:\/\/cryptoslate.com\/author\/ali-martinez\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/121676"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/148"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=121676"}],"version-history":[{"count":5,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/121676\/revisions"}],"predecessor-version":[{"id":121948,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/121676\/revisions\/121948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/121678"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=121676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=121676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=121676"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=121676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}