#BTC

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Bitcoin Market Update:

Bitcoin is pushing upside while BTC.D is moving down which is a great combination for altcoins

BTC.D is bearish and it is experiencing a bearish breakout below 52% Major Support, it should decline way lower from the current location as called

Bitcoin is moving sideways and trying to form a chart pattern which will take some time though.

️ A bullish breakout of $44,300 Resistance is needed to get the next rally towards $50,000 or higher $38,500 is the main support from the current location

Intraday:

The intraday chart is volatile and is having a nice recovery from yesterday’s quick dump.

1️ A successful bullish breakout of $43,300 (POI) will offer a long towards $45,100 and higher - Blue Projection

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

2️ A rejection can cause more sideways volatility again. Below $41,800 is bearish and will lead to more short opportunities - Red Projection

H1:

Daily:

BTC.D