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above the 50 ema
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Bearish
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btc
before it goes for another leg up, a healthy correction is about to happen. Be ready with your buys around 90-92k. RSI Bearish divergence confirmed. Expecting that bitcoin price should dump a little more.
$BTC
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BTC
98,584.06
+0.36%
2.2k
0
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above the 50 ema
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#ReboundRally $AI This is going to be explode soon. Don’t miss the rally. Buyers are coming 🤨 EMAs are close to each other which is a sign of price contraction and good part is that price is still on the top of EMAs, I mostly relay on 20 and 50 EMA which is turning positive. Volume is slowly building up and MACD still not ready but soon it will be flashing a buy signal. #USUALAnalysis hold tight for the moon rally. #btc #ETH
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#btc #ChartAnalysis Bitcoin is holding on to 50EMA as far as we are above 50EMA we are good but if you see the last bullish candle which pulled up the price from 92-93k zone to 98-99k, the volume is not so great. And also MACD is still not turning into a buying signal. Bulls need to be activated and pull the price with significant volume. We are still facing resistance of 100k and multiple retest are failing and pushing back the price to 92k zone. Keep buying at that zone and if the support is broken, which I feel it would. Be ready with your buys in dip. For now wait for a clean move and meantime alts might grow a little. Unless the bitcoin dominance doesn’t go down alts will not move much further. #BTCNextMove
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If that level is broken next levels are 86-87k. In past as well we have seen 30% correction before a new high was made by bitcoin
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There is nothing called 100% assurance that the price will reach to 86k. All traders follow past data and fib levels to decide buy and supply zones. Currently 90-92k is demandzone
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