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Bitcoin / TetherUS PERPETUAL CONTRACT
Updated

Bitcoin Update: 2 hour timeframe

363
BTC is still maintaining the rising wedge pattern and testing the support trendline. If BTC manages to hold the support line, then I expect BTC to bounce back close to the 54K range. A breakdown and close below the support trendline will invalidate the bounce.

Trade safely.
Note
snapshot

In the 30-minute timeframe, BTC is at the support line of 51.4k. If BTC breaks and closes below this support level, then we can expect 50.2k to be the next support level.
I will come up with a weekly update soon. Stay tuned.
#cryptomarket
Dexter_The_Trader
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btctechnicalanalysisbtcupdateBTCUSDbtcusdanalysisChart PatternsTechnical IndicatorsTrend Analysis

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btctechnicalanalysisbtcupdateBTCUSDbtcusdanalysisChart PatternsTechnical IndicatorsTrend Analysis
Dexter_The_Trader
Also on:

Related publications

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.