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Bitcoin

TA on BTC/USD

Oleh Trader_hao
Did a TA on BTC against USD. BTC is currently consolidating right now in a descending wedge. Looks like short term, it might rise abit more before retracing towards a consolidation point at around $6,000 denoted by the blue/teal line. The main reason why $6,000 is a good psychological support line is because of the rule of round number, making $4,000, $5,000, $6,000 all potentially good support/resistance regions. Meanwhile, movements on the price of BTC is highly dependent on the ETFs reviewed verdicts right now.
BTCBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysis
Trader_hao

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