Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
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Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
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JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area.

Support Area: $0.835-$0.895

Resistance Area: $1.14-$1.22
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Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.

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FTT analysis:

The price was unable to break through the resistance area and encountered a lot of selling pressure. We will likely see a test of the support area in the next few days, which could be an opportunity for new entries. You can place your buy orders within the support area.

Support Area: $1.65-$1.75

Resistance Area: $2.18-$2.22

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Bitcoin is currently attempting to hold the trendline and it remains to be seen how the price will react. The major support area is currently between $59,000-$60,000, while the resistance levels have remained unchanged. We may witness a significant market movement next week.
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Bitcoin is now going for a retest of the trendline. We may see a bounce from there. The resistance level remains the same and we see a big move if the price can close above the $65,500 level.
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DOT is currently trading within a range and there have been no significant changes yet. We may see a movement towards the resistance area. However, as this is not a trading zone, it is better to wait for a clear breakout above the resistance area before making any new entries. The support and resistance levels remain the same.
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Bitcoin encountered strong selling pressure at the resistance area which resulted in the price being declined. It is possible that we may see another attempt to move towards the resistance area and we will have to wait and see if the price can break above it and close. So far, there has been no significant change in the market.
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IMX analysis:

The price of IMX is currently oscillating within a range defined by support and resistance levels. At present, the market is in a consolidation phase, indicating a neutral stance for traders. It's advisable to await a confirmation of the price action at the resistance level before considering any trading positions.

Support Area: $1.65-$1.80

Resistance Area: $2.45-$2.60

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JUP is facing heavy selling at the resistance area. A move towards the support area is expected if the price is rejected from there. Place buy orders in the support area and wait.

Support Area: $0.833-$0.895

Resistance Area: $1.12-$1.20

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The Altcoin Market Cap (TOTAL2) has bounced back from the support area as expected. We recommended you accumulate your favourite altcoins and now they are in profit. You should increase your stop loss and hold the positions as we may see a move towards the resistance area in TOTAL2.

Resistance Area: $1.20-$1.25 Trillion

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Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend.

Resistance Area: $64,500-$65,500

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Bitcoin has recently climbed back up to the $60,000 level and is currently trading above it. This is a positive for the crypto market, as it suggests that the upward trend is continuing. It remains to be seen how the price will react when it reaches the $65,000 level, but many traders are feeling optimistic about the future. Overall, market sentiment is trending bullish once again.
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DOT analysis:

The price has reached the support area, and it has bounced back from there. Currently, it is moving towards the resistance area of the trading range. If the price manages to break above the resistance area, it will be a bullish signal, and the upward movement will continue. However, if the price gets rejected from the resistance area, it will move back towards the support area.

Support Area: $5.97-$6.10

Resistance Area: $7.57-$7.90
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The current Bitcoin price is testing the $59,000-$60,000 level, as expected. If BTC manages to reclaim the $60,000 level, we can expect the upward movement to continue. However, if the price is rejected at this level, we may witness some sideways movement and a slow downward trend.

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Altcoins are demonstrating strength as they bounce from support levels, while Bitcoin Dominance breaks the uptrend line. This signals a positive outlook for altcoins, and we may see a continuation of the downward movement in BTC Dominance toward the 51.90%-52.15% support area.
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The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position.
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Bitcoin is unable to hold the $59,000 level and breaks below it. As warned price was dumped hard after the breakdown. We may see some sideways movement here and a test of the $59,000-$60,000 area before the next move.
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Bitcoin has failed to maintain its uptrend and is currently testing the major support area of $59,000-$60,000, which was expected earlier. This is a crucial zone for BTC, and a break below $59,000 will likely bring about panic and more selling in the market. Therefore, keeping a tight stop loss in all open positions is recommended. The next good support level will be in the $50,000-$53,000 area. The news about CZ's 4-month imprisonment is the reason for this dump.

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