After breaking the green line and hitting the red line, Bitcoin could not break the red line and had to correct it. The green line has acted as a support area several times and is expected to support this time as well. If the green line breaks down, the best support can be the blue line.
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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.