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Bitcoin recently broke out of an ascending triangle pattern with substantial volume, a move that signals strong bullish momentum. The breakout has positioned Bitcoin above key levels, with both the 21-day and 50-day moving averages showing bullish strength and now acting as support.
This setup suggests a solid foundation for further upward movement, though a successful retest above the breakout level will be crucial to confirm this trend.
If the retest holds, it could validate the breakout and set the stage for additional gains across the broader crypto market. With this newfound support, the overall sentiment leans bullish, and investors may see this as an opportunity for renewed confidence in the potential for upward momentum.
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#BTC is now trading around 66k. Bitcoin is breaking out a bull flag pattern on the weekly time frame. So the Possible scenario is If the price breaks out and gives a weekly close, then we can see bullish momentum in Bitcoin. Now wait for weekly close for bullish conformation. Stay tuned with us for further updates✅
⚠️Beware of P2P Scams on Binance⚠️ Scammers are increasingly targeting P2P transactions. Here's how it works:
1. Initial Setup: The victim places an order and completes the fiat payment to the scammer.
2. Scammer Tactics: The scammer contacts the victim via phone or Telegram, urging them to cancel
3. Advanced Deception: For more cautious users, scammers impersonate Binance customer support, convincing the victim to scan a Web Login QR code. This grants scammers access to the victim's account, enabling them to cancel the order and steal the cryptocurrency.
Protect Yourself: - Once you’ve paid, never cancel the order. - Verify customer service requests through Binance's official channels. Stay vigilant and protect your assets. #CryptoSafety #Binance #P2PScam #Write2Earn!