One of the first things is how the bear market ended, which is highlighted by the red box in the shared charts. After some choppy movement, the bear market would come to an end with an initial breakout. This was followed by a short retracement, leading to the next step in the trend.
The third box is the green box, and the crypto analyst explains that this is the level that “launched portfolios.” Back in 2017, after the green box, the Bitcoin price rose rapidly and more than doubled by the time the rally was done, and with the current trend sitting in the green box, it carries some hefty bullish implications for the Bitcoin price.
