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Bitcoin
Short

Is $50k inevitable?

By RayneOnChain
BTC trades around 55.3k, potentially heading to retest 4HR 50MA or previous support around 56.5k. Reclaiming this zone could be bullish, however, resistance could be more likely due to a bearish market structure and sentiment. A retest of 50k is possible, tying in with Fed’s rate decision, creating bullish divergence and setting the stage for a potential break of ATHs.
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysis
RayneOnChain

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