Update: BTC just couldn't break above the resistance trendline. It's been 2 days and BTC is consecutively showing red. According to this 4 hours chart, we are still above the support line which is good. If BTC manages to hold this support then we can expect BTC to reach the 25K level once again. Technically, BTC is under a bearish rising wedge pattern, and if it breaks down below the lower support line, we will get the confirmation.
We still have roughly 3 hours. So let's see how the market plays out.
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