Many chart analysts analyze that Bitcoin is currently converging on a 4-hour basis.
People who believe or not in charts don't care, but
in the meantime, observing Bit's move, I generally follow the chart well, so
I think it's a good way to interpret the chart with a price analysis method relatively reliable.
People who say the bit is going to be tens of thousands soon say the bullish trend line has not broken at the overall (long-term) trend and has been unable to break the downtrend since 2017, at $ 10,000 in the short term.
Perhaps the reason why Bitcoin's price is important now is because it spans both lines in the long term.
If Bitcoin goes from the end of this upward convergence, there is an expectation that the fire will come through the downline starting in 2017. There seems to be a concern that me and Bitcoin's price drop could accelerate further.
What pains me most is that many crypto enthusiasts don't know how to read and interpret the charts and graphs, hence they are ignorance of what the information is saying. I'm also in this shoe.