Bitcoin at Crucial Turning Point
Greetings, Crypto Enthusiasts! 🌟
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Without further ado, let's dive right into our Bitcoin analysis:
Bitcoin's price consolidation phase, occurring within the range of $25,000 to $28,000, is drawing closer to a crucial turning point. This pivotal moment revolves around the dashed downtrend line on the chart.
Break Above the Trend: If Bitcoin manages to break above this trendline, coupled with surpassing the associated resistance, it may then encounter formidable resistance at the $28,700 level.
Local Cautions: However, it's important to monitor local trends closely. Should Bitcoin fail to sustain its position above the local trendline, there's a possibility of a descent towards a new support area, approximately around $26,500. This region could serve as a fresh rebound target.
Stay focused. Happy trading! 💜 💰
If you appreciate our charts, give us a quick 💜💜
Without further ado, let's dive right into our Bitcoin analysis:
Bitcoin's price consolidation phase, occurring within the range of $25,000 to $28,000, is drawing closer to a crucial turning point. This pivotal moment revolves around the dashed downtrend line on the chart.
Break Above the Trend: If Bitcoin manages to break above this trendline, coupled with surpassing the associated resistance, it may then encounter formidable resistance at the $28,700 level.
Local Cautions: However, it's important to monitor local trends closely. Should Bitcoin fail to sustain its position above the local trendline, there's a possibility of a descent towards a new support area, approximately around $26,500. This region could serve as a fresh rebound target.
Stay focused. Happy trading! 💜 💰
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כתב ויתור
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