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Moshin_GW
Feb 15, 2021 12:52 PM

$BTC/USD scenario after plunge Long

Bitcoin / U.S. dollarBitstamp

Description

Today's BTC starts with a plunge due to a break below the rising wedge, there was a scene where it dropped to $46,000 at one point. However, after that, it was bought steadily and it is being developed to try $48,000 again.

By breaking below the important line of $48,000, this time the $48,000 line acts as a resistance line.
In addition, since the parallel channel middle line is also added to the same line, to get out, you need even stronger force than last time.

However, it is expected that it will be a fairly strong development if it comes out.
That momentum could lead to a $50,000 challenge.

Today's Nikkei Stock Average has recovered to 30,000 JPY for the first time in 30 years. The risk-on mood is ongoing.
As the cryptocurrency market continues to have good news, with the rise in the stock market, this week could be a big jump.
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