Will BTC Support hold ? 50K or 80k
#BTC/USDT #Analysis
Description
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+ BTC has experienced a significant correction from the 70k range.
+ Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high.
+ I anticipate a similar scenario unfolding this time. We can expect the price to consolidate within the current support range for a few days before potentially returning to the 70K range. This movement might coincide with the upcoming halving.
+ Overall, my outlook on the crypto market is bullish, and I expect BTC's price to rebound following the halving.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ BTC has experienced a significant correction from the 70k range.
+ Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high.
+ I anticipate a similar scenario unfolding this time. We can expect the price to consolidate within the current support range for a few days before potentially returning to the 70K range. This movement might coincide with the upcoming halving.
+ Overall, my outlook on the crypto market is bullish, and I expect BTC's price to rebound following the halving.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
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Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🤖 Auto Trading Bot: t.me/VectorAlgo_Bot
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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