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Dive in price and breaking crucial support
BTCUSD
, 240
BTCUSD: Dive in price and breaking crucial support

At the moment the largest block of resistance price will encounter on the way back up is from 6750-6850. This lines up with the previous level of breakout and the .618 fib

BTC Resistances & Supports
BTCUSD
, 1D
BTCUSD: BTC Resistances & Supports

After breaking below the 7.2k level decisively, we can now assume this level will act considerably as resistance on the way back up. Above $7.2k, the level that acted as resistance on the way up during the most recent uptrend at 7.8-7.6k. The .236 fib lines up with the horizontal level of previous resistance from 6.9-6.7k that gave price strong reactions...

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