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Joseph Tony Serra
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Joseph Tony Serra
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#defi #ETH #Binance $ETH $SOL The price of Bitcoin appears to be in a consolidation phase following a significant drop in early August, fluctuating between approximately 45,000 and 65,000 USDT, with a recent increase bringing the price to around 60,640.77 USDT. After this sharp decline in early August, possibly caused by macroeconomic events or negative news specific to the crypto sector, the price underwent a gradual recovery. This recovery formed a series of higher highs and lows, suggesting a potential trend reversal. The chart shows a strong resistance zone around 65,000 USDT, while the most relevant support seems to be in the 50,000 USDT range. Although the volume isn’t visible on the chart, it’s essential to consider the traded volume during these movements, as an increase in volume during the recovery could indicate buyers' interest in sustaining the price above support levels. The candlestick pattern suggests mild buying pressure, but the lack of strong upward movements indicates potential market indecision. The future of Bitcoin’s price remains uncertain, but based on the chart, a few scenarios are possible. If the price can break the resistance around 65,000 USDT with significant volume, Bitcoin could resume an upward trajectory, possibly targeting new highs. However, if the price is rejected at resistance and falls below the 50,000 USDT support, we might see another wave of selling, potentially testing lower support levels around 45,000 USDT or even lower. There’s also the possibility that the price continues to oscillate between 50,000 and 65,000 USDT, indicating a prolonged consolidation. This could be a period of accumulation, possibly preceding a more significant move in either direction.
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Tá mto animado nesse momento o mercado, mas eu não sinto firmeza #bitcoin pessoalmente prefiro jogar short agora
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A impressão é é que bitcoin vai sair varrendo todo mundo #MarketDownturn #trap #bitcoin
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mês fechando você já sabe é horário de ficar na surdina#Binance $BTC $BNB $BNB
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Se bitcoin cai RARE sobe vou comprar rare entao $BTC #rare $RARE
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