-Bitcoin found support at the trendline area again in the confluence of 50D MA -The price is currently experiencing minor rejection at the 59k resistance area -But that is fine as long as the upward trendline support holds -I am expecting a breakout within 1-3 days -If I'm bullish, I want to see BTC clear the 60k region and hold -This will give us a strong probability to go higher to a new all-time high -But if you are looking for bearish entries, a break below 50D MA -plus a bearish retest would be perfect for short entries and target the 45k zone -Next week price action is very crucial in the midterm movement -So please make sure you have a trading plan ready if BTC goes south or north -Have a nice weekend everyone! Keep safe!
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