VERY QUICK UPDATE ON $BTC 🚨 4 Hrs. Break Out Just Occurred! 😎👇

Institutional investors and Bitcoin ETF holders are showing quite minimal unrealized profits (according to cryptoquant data). So basically it indicated a reducing selling pressure in the short term. Long-term Bitcoin whales have made reasonable profits compared to short-term whales, who have earned only 1.61%. Consequently. long term BTC holders may won't sell their holdings in the short term; this it translates into a reducing potential selling pressure.

Now watching at chart, Bitcoin has just broke out from the downtrend channel. In addition, the 3 bottoms (B1, B2, B3) suggested an inversion trend. In fact, they broke 3 times S2 but suddenly rejected. In my opinion, there is chance that BTC price reach R1, in case of lack of strength, then S2 will be retested. Now, many analysts believe that this dip marked the local bottom and thus anticipating a bullish trend (back to 72k). Although the optimism, I still recommend to be caution, we can't exclude an extra red weekly candle for the next week. I do still believe that that 52k support could be potentially retested!

WATCH OUT! 💪 DYOR 🙏 NFA. 🤝

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