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(BTC/USDT) Weekly chart from highlighting a potential breakout scenario. Based on the technical analysis shown,
Bitcoin
seems to have broken out from a consolidation pattern, with a projection that could take it up to around $150,000 by 2025.
$BTC
#BinanceTurns7
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BTC
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+1.86%
657
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🔰 NOT/USDT 🔰 🟢 LONG (10X) ♻️ 𝗘𝗡𝗧𝗥𝗬 1):- 0.0074 2):- 0.0072 📌 𝗧𝗔𝗥𝗚𝗘𝗧 1):- 0.0076 2):- 0.0079 3):- 0.0083 🔴 𝗦𝗧𝗢𝗣 :- 0.0070 🖇 𝗣𝘂𝗯𝗹𝗶𝘀𝗵 𝗕𝘆 @DlxTrade #Notcoin👀🔥 $NOT
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🔰 DENT/USDT 🔰 🟢 LONG (10X-20X) ♻️ 𝗘𝗡𝗧𝗥𝗬 1):- 0.00092 - 0.00090 📌 𝗧𝗔𝗥𝗚𝗘𝗧 1):- 0.00094 2):- 0.00097 3):- 0.00102 🔴 𝗦𝗧𝗢𝗣 :- 0.00087 🖇 𝗣𝘂𝗯𝗹𝗶𝘀𝗵 𝗕𝘆 @DlxTrade $DENT
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♻️BTC/USDT♻️ 🔰LONG ✅ENTRY:- 61500 - 60800 🖥LEVERAGE: (35x - 50x) 🏹1: 62500 🏹2: 63600 🏹3: 65000 ❎STOP-LOSS:- 60400 🛜 USE FUND MAX 5% $BTC
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♻️BOME/USDT♻️ 🔰SHORT LIMIT ✅ENTRY:- 0.008050 - 0.0082 🖥LEVERAGE: (35x - 50x) 🏹1: 0.0078 🏹2: 0.0074 🏹3: 0.0070 ❎STOP-LOSS:- 0.00835 🛜 USE FUND MAX 5% $BOME #BOME
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As of today, Bitcoin (BTC) is navigating a critical phase, trading around $55,000. It is currently experiencing mixed signals: 1. Short-term outlook: BTC faces resistance around $56,000, which could push its price up toward $58,000 and even $62,500 if it breaks through this level. However, if it falls below $54,000, a further drop to $50,000 could be expected. Technically, the market shows a potential for upside as the price consolidates near important moving averages 2. Medium-term outlook: Analysts are eyeing a potential breakout later in September, with historical patterns suggesting that a bullish run could occur after Bitcoin's halving cycles. September tends to be a slow month for BTC, but October has historically delivered stronger returns, averaging 22.9% 3. Bearish risks: Bitcoin is still under pressure from bearish factors, such as declining demand in futures and spot markets. Institutional interest has also waned, contributing to a general downtrend since March 2024 Overall, Bitcoin's next move depends on its ability to consolidate above the $56,000 level in the short term, while long-term prospects hint at a breakout in the coming weeks. Keep an eye on key levels like $54,000 for support and $58,000 for resistance.
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