Welcome to this quick Update, everyone.
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On weekends volume is low. BTC reached 49.8k but couldn't breach the 50k mark.
What's really interesting is the price is holding the 48k level.
As long as this level holds a rally towards 51k is highly likely.
I expect 2 scenarios here to play out till Monday.
I have shown in the chart.
Once we hit that 51k mark a correction is likely.
My thought is if BTC hits that level by tomorrow better close your long positions and expect a bloody Monday.
Please observe.
What's your thought on this?
Do you think BTC will start its correction from here?
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