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#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku cloud is acting as support. A solid breakout of the pattern would confirm a bullish trend. Otherwise, further consolidation within the pattern is likely.
Bitcoin is facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku cloud is acting as support. A solid breakout of the pattern would confirm a bullish trend. Otherwise, further consolidation within the pattern is likely.
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#Bitcoin dumped hard after breaking the $70,000 level and unable to find a support area. Price reached the $60,000 level and instantly bounced from there. Lets see if price able to stable and make a support around $65,000 area.
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#ADX analysis:
Price is trading near a significant support area, making it a good opportunity to open long positions with a tight stop loss. A bounce is anticipated from this support level.
Support Area: $0.0725-$0.078
Price is trading near a significant support area, making it a good opportunity to open long positions with a tight stop loss. A bounce is anticipated from this support level.
Support Area: $0.0725-$0.078
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