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above the 50 ema
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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
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Star1554
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So you are saying that if it breaks the 92k mark then I should be expecting to buy as cheap as 86k later on?
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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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#BTCNextMove #USUALAnalysis $BTC As I posted earlier that I an expecting a 30-40% correction in the #bitcoin price. I strongly feel that 92k support is going to break soon as it is retesting this level again and that too very frequently now. Price is below 20 EMA which doesn’t feel right. Hope it doesn’t break the 50EMA now. To be into bullish zone bitcoin price has to be above 20ema rising. One possibility I see that price will sharply drop between the zone shown in the chart and then a pullback. It would be a perfect zone for dip buying. Important levels to note here are 92k 87-86k Worst case 75k which should be the most important level. If that is broken over all sentiment will be bearish.
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