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CoreCrypto1

Possible BTC Breakout! Eyeing $70k!!

Long
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
CoreCrypto1  
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSDT Descending Channel breakouts retest support longsetup corecrypto
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trendanalysis chartpattern indicator btc btcusdt descendingchannel breakouts retest support longsetup corecrypto
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The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards $70k. The 50MA is also acting as a potential support level.

Here's what could invalidate this bullish scenario: A daily candle close below $61.5k.

What do you think about this potential price movement? Share your thoughts in the comments below!

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