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Welcome to this BTC update.
BTC is doing fine as of now. It is forming an ascending triangle in 4hr time frame and currently trading inside it. BTC is at the resistance level and trying to break this resistance continuously. You know the more it tried, the weaker resistance become.
Once we successfully break out of this ascending triangle and close above the red box then we are ready to go to the 28k-30k level. Lower supports are 24.2k and 23.5k
Invalidation level- If any 4hr candle close below 23.5k then this chart becomes invalidated.
If you like this idea then do support it with like and follow. Also, share your views in the comment section.
Good description of the idea and technical analysis of the chart! Checked the cluster analysis and do not doubt the idea) Already waiting for the exact workout.
Tolberti
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I hope the bulls will defend the support line. Thanks for your work!