Bitcoin has recently retraced back to a key level of support-turned-resistance (SNR), a zone that has historically acted as a strong rejection point. Price action is showing signs of exhaustion, with lower momentum and rejection wicks forming near this level.
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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.