#Bitcoin

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There was a small spark in the market, followed by a rapid liquidation hunt with the news. Long positions were cleared and the price quickly regained its old area. This situation is called "shakeout"; it is done to throw players out and break their faith.

The outlook is positive at the moment. The price retested. If the area I pointed with the arrow on the chart is lost, we can expect a pullback to the 62K level. This is quite normal. However, if it falls below 62K, a deeper decline may be inevitable.

If the area is maintained, the price is likely to target 64.600$ and then 65K$ levels. What you need to do here is to watch the area closings. Do not rush, wait for the price to come to you. We will see where the market will head after the elections.

#crypto