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BTC 60 chart (This weeks thoughts)

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I'm not concerned unless BTC breaks below 38.5k USD, then my short-term bias will start to shift from long to more bearish.

We do have the 37.6k USD level for some support after but I don't see it holding much weight.

If bitcoin can slowly work its way up out of this 40k/38.5k price bracket maybe today or tomorrow, I think we are looking pretty good.

Then I reckon it's 200 EMA here we come baby.
DutchyFX
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Chart PatternsTechnical IndicatorsTrend Analysis
DutchyFX

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.