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BTC UPDATE

After breaking out from the symmetrical triangle and confirming the breakout with a retest, Bitcoin's price has stabilized above a key horizontal level, indicating potential support

Here are the possible scenarios:

1. Anticipated Bounce: Traders are expecting a bounce from the current support level, suggesting a bullish move as buyers step in to push the price higher

2. Potential Downward Movement: On the other hand, if the price breaks down below the horizontal support and retests it as resistance, this could signal a bearish trend, with a potential move towards the lower horizontal support level

These scenarios highlight the current market sentiment and the critical levels to watch for potential shifts in Bitcoin's price direction