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BITCOIN UPDATE: - 4-hour timeframe, the price broke above the $22.7K resistance level a few days ago but failed to hold above it and dropped back below fairly quickly.
The massive drop has paused at the $19.5K support level for now. However, the market structure looks bullish at the moment, and a $21.7K seems probable.
In this case, the $17.6K area could be tested once again to determine whether Bitcoin would make a new lower low or not.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: - 4-hour timeframe, the price broke above the $22.7K resistance level a few days ago but failed to hold above it and dropped back below fairly quickly.
The massive drop has paused at the $19.5K support level for now. However, the market structure looks bullish at the moment, and a $21.7K seems probable.
In this case, the $17.6K area could be tested once again to determine whether Bitcoin would make a new lower low or not.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
