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OCT 16: Bitcoin 4hr Analysis: $BTC give breakout at $26950 in 4 hr after 24 candle.
However, the chart shows a new rising wedge pattern with support at $26,789 and resistance $27200. Any closing below $26789 will trigger a retest of $26,500 and might open the door to a bearish target of $25,000 next week.
On the other hand, a close above $27,200 will be bullish and may open up $28,000 as the first target for scalpers. The key factor here is the choice of the time frame for trading.
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LIVENilesh Rohilla , Crypto Analyst
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Bullish
#BITCOIN 4hr: We are here today with Double Bottom + Breakout.
$26950 is a resistance and $26500 is support.
#BTC #Binance #trading $BTC
$26950 is a resistance and $26500 is support.
#BTC #Binance #trading $BTC
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