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FreedomSong21

Will BIT drop again to the mid 50's?

Bitcoin (COINBASE:BTCUSD)  
FreedomSong21  
COINBASE:BTCUSD   Bitcoin
Chart Patterns Trend Analysis
0
4
chartpattern trendanalysis
I am new to this and stumbled across this metric. Someone please help me analyse. From my basic understanding, BIT looks to retrace around 55k? am I close here? Please help me understand What I am seeing here.

Thanks in advance
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