Expert opinion: Be cautious#BTC

Strong support: $62,433

Resistance: $73,000

BTC closed with a red daily line at $68,398 and is still trading sideways.

It recently broke out of a symmetrical triangle, indicating that there may be upward momentum.

This sideways trend is the reason for the rise of other currencies.

Watch for a break above $73,000 for a chance to rise further toward $81,000.

If it falls below $66,400, a retest of the $62,433 level is likely.

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