Market Update -

The potential Bitcoin move highlighted in yesterday's update played out, with a move to the Monday Low ($51,680) after holding the trendline breakout.

The most recent 4 hour candle close has seen the price accept back above the Monday Low, so we are looking to see if this holds on the retest during this candle. If this becomes support then we potentially see a move to $52,150 before the weekly close. This would be the current Weekly Open and the reaction is critical to whether Bitcoin closes the week out red or green.

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