BTCUSD | Possible Fakeout

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We might have a Fakeout, but to confirm this scenario we need to receive the price crosses back inside of the Channel. Only this way the bearish sign will be confirmed.

However as we broke out of the Channel to upward, I highly recommend to watch the local resistance, because the growth should be continues if we pass this level.

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.