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Bitcoin latest update. #bitcoin
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BTC Update: Our analysis played out as expected. Let’s see if BTC can hold the $68k-$69k support level on the daily timeframe. The weekly close and the U.S. election are just a few days away, so let’s watch how BTC and the altcoins respond. Trade BTC and other altcoins with me on Coincall: https://www.coincall.com/r/43438887 Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience. Trade safely! #BTC☀ #CryptoDecision #Promotion #BinanceBlockchainWeek $BTC
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#BTC didn't hit the ATH but did rally as high as $73,620, aligning with our weekly analysis. The BRR pattern played out well. On the weekly timeframe, BTC needs to break above the all-time high resistance to sustain its bullish momentum. A weekly close below this resistance could result in a possible rejection. Looking at the daily timeframe, BTC is likely to face a rejection around the $68.8k to $69k range. In my next update, I'll cover altcoins, so stay tuned and trade safely. Setup for SHORT entry: ~ Entry: $72,800 to CMP. ~ Stoploss: $74,500. ~ Leverage: 10x. ~ Target: $68.8k. Do your own research and analysis before investing. #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! #BTC☀ $BTC
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Here we go! #BTC is moving as expected. The breakout, retest, and rebound pattern is in play. Two weeks ago, BTC broke above the resistance; last week, it retested, and this week it’s showing a rebound. Let’s see if BTC can reach an all-time high because, according to our analysis, that’s the target. Trade safely. #bitcoin #CryptocurrencyAnalysis #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! $BTC
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Mixed feelings at the moment. The weekly BTC chart shows a potential retest followed by a rebound, but the Fear & Greed Index suggests something else. Currently, the index reflects greed in the market, and when it reaches extreme greed levels, it's often a red alert for long holdings. Here’s what I’ve analyzed after comparing both scenarios: ~ BTC is in a retest phase, with the Fear & Greed Index showing greed at 74. ~ If BTC rebounds after the weekly close, the Fear & Greed Index may reach extreme greed levels. ~ Once the index hits extreme greed, a pullback is likely to restore balance. This suggests BTC may face rejection after approaching or hitting its all-time high. This is what I can deduce from the current market conditions. Stay safe, trade wisely, and always do your own research and analysis before investing. #BTC☀ #CryptocurrencyAnalysis #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! $BTC
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BTC Update: BTC just closed above a key resistance level on the weekly chart, and this week’s candle is showing a retest. We’re seeing a classic pattern here called Breakout, Retest, & Rebound (BRR). Last week was the ‘Breakout,’ this week we’re in the ‘Retest’ phase, and if all goes well, we might see a ‘Rebound’ next week. This could push BTC to its all-time high of $73.7k, or maybe even beyond. The main risk right now would be if BTC drops below the parallel channel on the weekly chart. For the rebound to happen, it’s important for BTC to stay above the $66k support level. Thanks for reading! Remember to do your own research and analysis before making any decisions. Trade safe! #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! #btc70k $BTC
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