Bitcoin is now approaching a supply zone between 48500 and 50500 and could see a strong reversal from this area. Keep a close eye on the 48k level as selling could accelerate once the price falls back below this level. The YR2 @ 46k will offer some support but a break below this will more than likely re-test lows @ 40 to 42k
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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.