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THE DOCTOR CRYPTOHUB
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Did the wick get too big? 🌚
THE DOCTOR CRYPTOHUB
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BTC/USDT is trading while forming a bearish divergence. 👀
We are expecting a small wick on the bearish divergence.👌
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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BTC UPDATE | BTC has broken down from the bear flag and retested its trendline resistance, and it is currently facing rejection from that level, as mentioned in the last update. Currently, the market is moving towards the 90k to 91k zone, and from this zone, the market might show some small sideways movement and recovery.
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BTC UPDATE | BTC has been moving sideways for a few days, and it still hasn't reached our expected zone. Currently, it's moving towards the ATH zone, which is around the $104k price range. Hopefully, the market will face rejection from this range and move towards $98k.
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BTC UPDATE | The market experienced an unexpected fall of up to 14% yesterday, marking the largest drop in several months. This correction was quite necessary due to the continuous market pump driven by the US election, which had started creating significant liquidity on the downside that needed to be complete earlier. Recently, the market broke its all-time high and created a new POI around 94k. However, after completing the POI zone, the market formed a significant wick below it. Currently, it seems to be moving towards 101k.
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BTC/UPDATE ; Here's the next possible move of the market
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BTC/USDT UPDATE; It was a great move from our minor POI . The market often doesn't reach our exact expected points . In this case, the market is currently trading above a liquidity zone, which is around the 95k price range. The market might grab liquidity above this zone and then fall. However, if BTC can close a healthy candle above this range, the market can be expected to move toward the IMB zone.
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