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BTC Analysis
<t-32/><t-33/>#ChristmasMarketAnalysis
#BTC Analysis 📈
After the price collapsed below the rising wedge pattern and confirmed the downtrend, the currency bounced off the support of the 200 days MA indicator and now the price is stabilizing above the 100 days MA indicator, which acts as support for the current price movement.
While the ichimoku cloud area acts as resistance above the current price action.
If Bitcoin can maintain the current price zone, we may see a trend reversal and bullish moves.
#BTC Analysis 📈
After the price collapsed below the rising wedge pattern and confirmed the downtrend, the currency bounced off the support of the 200 days MA indicator and now the price is stabilizing above the 100 days MA indicator, which acts as support for the current price movement.
While the ichimoku cloud area acts as resistance above the current price action.
If Bitcoin can maintain the current price zone, we may see a trend reversal and bullish moves.
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