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Bitcoin
Short

BTC Losing Bullish Momentum

By pauwells
There is a clear ascending triangle pattern with a declining in support at 62K. This could indicate an incoming retracement for BTC on the 1H with a possible swing magnitude that will lead it to the 59-60K levels. After we see this movement, we will know whether it will keep going down or we see some consolidation at this levels. There is a significant ammount of volume for the VWAP at lower points around 50-55K...
Technical IndicatorsTrend Analysis
pauwells

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