Viewpoint: Bitcoin is currently making its fifth attempt to break above the downtrend line, and it remains to be seen whether it can hold above.

BlockBeats News, March 3rd: Prominent scalper trader Honey (@honey_xbt) posted a 4-hour BTC candlestick chart, suggesting that Bitcoin has failed to break above the key $70,000 resistance line four times in the past, with the current attempt being the fifth. The chart indicates that Bitcoin has temporarily broken above this trendline, but its ability to hold above it remains to be seen.