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Crypto Godara
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Market Update - $BTC $ETH Yesterday saw Bitcoin test the $93.5k - $92.8k zone as I was expecting. Eventually there was a reasonable reaction from this level, with a 2.5% bounce, however BTC has started to look heavy again. The last 4 hour candle closed below $93.5k (Monthly Open) and right now is facing resistance trying to reclaim. Acceptance back above $93.5k and we could see a push towards $97.8k (Monday Low) towards the end of the week. If it fails to reclaim then we could see a test closer to $90k.
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$STORJ ANALYSIS 🤑🚀 $STORJ is facing rejection at the resistance trendline of the symmetrical triangle pattern, with the Ichimoku Cloud acting as a barrier and indicating bearish momentum. Meanwhile, the 100MA is providing strong support. Further price movement is needed to confirm the next direction.
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$NEAR ANALYSIS 🤑🚀 $NEAR is consolidating within an ascending triangle pattern and is currently breaking through the Ichimoku Cloud. The 200MA is acting as a support level, suggesting the potential for a bounce. However, a decisive breakout or breakdown is required to confirm the next directional move.
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$BTC Whales have accumulated over 34,000 $BTC since December dump - CryptoQuant 🔥🔥
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$LINK ANALYSIS LINK is trading within the horizontal demand zone after being rejected at the resistance trendline of a descending triangle pattern. A bounce is possible from this level, though the Ichimoku Cloud acts as resistance, reflecting bearish momentum. A breakdown below the pattern could lead to further downward movement.
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