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Dec 23, 2023 11:57 AM

Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 22, 2023 

Bitcoin / U.S. dollarBitstamp

Description

Technical Analysis and Outlook:
Throughout this week's trading session, Bitcoin has been trading within a
Mean Sup 41200 and completed Outer Coin Rally 44500. This range has created a level of stability in the market and has allowed for some downturn in the short term: the intermediate down target is the robust Mean Sup 42300. This is a crucial level for traders to watch, representing a solid support level for Bitcoin. Overall, Bitcoin is projected to revisit the completed Outer Coin Rally 44500 and continue the upward trajectory as specified on the chart.
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