This bull market is not the same as the last ones! New big c | MihaiDanielBMK on Binance Square

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This bull market is not the same as the last ones! New big coins versus old big coins , I think the new projects have better chances to perform better 

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$58,200 the blocking zone for #bitcoin, it's good that we didn't drop below the Friday low, this means serious support at $54,000, on July 5 and 6, almost 80,000 bitcoins were withdrawn from the exchanges. I think bullish days are closer than we imagined!

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Looking at Bitcoin Exchange liquidation map, you can understand why price action is here , until 54.000$ there are 1.5 billion dollar long positions, above until 58.500$ ( where we have daily 200 moving averages as resistance) there are 1.2 billion dollars in short positions! So market stay where the money are plentiful

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Attention to #Bitcoin in the next hours, it is approaching the resistance, at $58,500 if it rejects from that area, at the moment we have 2 scenarios, double bottom (desirable!!!) or bear flag (we don't want). If the bear flag target is validated it is $50,250! Let's hope not

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UPS, the German government also woke up hungry for €€€ and started selling #Bitcoin again, not much, but enough to attract attention! I don't worry anyone will buy #Bitcoin just the market will react! See what I posted this morning ⬇️

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Bearish close for #bitcoin Weekley chart, right now in the next hours we might test the 1 hour resistance zones at 56.500$ and then go for liquidity down, around 500 million $ to be liquidated if we vist 53.700$ again !

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