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#MajorAirdropWatch Bitcoin (BTCUSD) price continued to decline yesterday to approach the expected target at $93.400, and is now showing an upward trend to test the 50 moving average, which is an important resistance at $98000.00, and the price needs to stabilize below this level for the negative scenario to remain valid, noting that breaking $93405.00 will push the price towards $90670.00 and then $86810.00 as subsequent negative targets. Therefore, we continue to favor the downward trend for the coming period, noting that breaking $98.500 will stop the expected decline and lead the price to try to regain the main upward trend again, to head towards achieving gains that begin with testing the recently recorded historical peak at $104063.00. The expected trading range for today is between the support $92000.00 and the resistance $99000.00 Price forecast for today: Low $BTC
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Bitcoin (BTCUSD) price continued to decline yesterday to approach the expected target at $93.400, and is now showing an upward trend to test the 50 moving average, which is an important resistance at $98000.00, and the price needs to stabilize below this level for the negative scenario to remain valid, noting that breaking $93405.00 will push the price towards $90670.00 and then $86810.00 as subsequent negative targets. Therefore, we continue to favor the downward trend for the coming period, noting that breaking $98.500 will stop the expected decline and lead the price to try to regain the main upward trend again, to head towards achieving gains that begin with testing the recently recorded historical peak at $104063.00. The expected trading range for today is between the support $92000.00 and the resistance $99000.00 Price forecast for today: Low$BTC
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#BURNGMT 10x Research: Bitcoin market momentum weakens, South Korean trading volume drops from $25 billion to $6.7 billion 10x Research published an article on the X platform saying that the current market conditions of Bitcoin can be compared to the "death zone" of climbing Mount Everest, which is a critical stage with increased risks. Although Bitcoin may not have reached its peak, some indicators show that market momentum is weakening and we need to remain highly vigilant. In the past two weeks, the price of Bitcoin has fluctuated in a narrow range. After hitting the upper and lower limits of the range last week, it returned to the middle, forming a Doji pattern that indicates market hesitation. Historically, this pattern may indicate the continuation of the trend after a short-term adjustment, but combined with on-chain data and market structure analysis, there is still uncertainty in the future. In addition, South Korea's crypto trading volume has dropped sharply from US$25 billion to US$6.7 billion, and market activity has obviously weakened. $BTC $BNB
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Bitcoin acquisition, as I told you before, has become in a position of respecting the resistance areas and breaking the bullish candles that brought it to the $99,500 areas. Currently, it is repeating the same test to break the monthly resistance for the end of this year. This indicates that it will fall by no less than 40% of its current value. This analysis is useful for owners of futures deals if they sell. The decline is coming and strong. This is a beautiful thing to see the rise and rise of some small currencies. Congratulations on these profits in advance. Do not forget us from some commissions 🤣 #Share1BNBDaily
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