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$BTC $ETH $BNB Hello everyone, The screenshot/chart you see is a customized weekly MACD setting, which clearly indicates that at least one green week closing (minimum requirement) is needed before any correction. The bottom, support, and resistance levels were already mentioned in my previous messages. Note: Please do your own research (DYOR). This message is for educational purposes only.
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$BTC $ETH $BNB Strong Resistance at 72797.99$
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$BTC $ETH $BNB Bitcoin's bottom is not at $14,000 instead, it's likely between $9,000 and $5,000 this time. The support level remains around $37,500. I personally expect a new high before hitting the bottom. As I mentioned earlier, Bitcoin's price movements often follow its historical patterns. Week will go up then down to complete it's cycle This month's cycle breaks its pattern could be restore before closing. The 3-month cycle completes its pattern, but the MACD doesn't support an uptrend yet. It may not rise until it finds support or until the end of current cycle. The issue is that even if the 3-month pattern completes, the 6-month pattern is currently bearish and won't be complete for another 5 months, until December 31st, 2024. But there are rare chances to go up in an incomplete pattern, as seen before. If the 6-month pattern had turned bearish last month as I mentioned, the current picture would be different. However, the 12-month cycle is in a clear uptrend if Bitcoin stays above $38,501. Before it's closing. To continue this uptrend, Bitcoin needs to stay above $62,669.14. NOTE: DYOR, This message is for educational purposes only.
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$BTC $ETH $BNB 2nd Reminder... Bitcoin must close below 42409.76$ this month in order to potentially rise in a full pattern next month. Similarly, if 6 month graph closes below $42409.76 this month, which is the last month of the 6-month cycle, it may create a full 6-month uptrend. However, if it fails to close below $42,409.76$ there is a high likelihood that Bitcoin will experience a significant decline over the next 6 months. expected 37.5k NOTE: DYOR
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$BTC $ETH $BNB Reminder... Bitcoin must close below 42409.76$ this month in order to potentially rise in a full pattern next month. Similarly, if 6 month graph closes below $42409.76 this month, which is the last month of the 6-month cycle, it may create a full 6-month uptrend. However, if it fails to close below $42,409.76$ there is a high likelihood that Bitcoin will experience a significant decline over the next 6 months. NOTE: DYOR
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