Bitcoin to come down till 30k support before further upside
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Bitcoin has formed a bear flag pattern on the chart and 30k is a crucial support for bitcoin to touch before any further rally. Bitcoin has bounced from the 30k level before also so it's important to do that again for it to begin the bull run.
If bitcoin gives a close above 38k daily and maintains that level then that will be bullish for bitcoin in the short term and we might not see 30k levels this time.
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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.