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Welcome to this quick BTC update.
BTC is forming an inverted head and shoulder-like pattern here which is generally a bullish pattern. Currently, it is in the process of forming the right shoulder and the important support here is $19,800-$20,200 level. I'm expecting a bounce from this zone.
Once BTC breaks the neckline of this inverted head and shoulder we can target for 26k-27K level from here.
Invalidation level:- If it breaks and closes below 19.7k support then this inverted head and shoulder pattern becomes invalidated.
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