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#Marketupdate Yesterday we mentioned how $71.6k was a key level to watch out for a retest. We can see that 3 consecutive 4hr candles reacted well from this level. We have some demand at $72k now which I want to see hold as 4 hour support. The 4 hour resistance now is $72.6k, so any acceptance above this level and we can see a new ATH arrive quickly. To the downside, any breakdown of $71.6k then I expect a retest of $70.3k (Monday High.)
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#Marketupdate A strong day for Bitcoin yesterday - very close to making a new ATH. It's a huge mental level so I'm not surprised that it was rejected right before. The price closed the day above the daily $71.6k daily resistance (red line), which is a very good sign, and if we get any retest of this area today, I'll be looking at the strength of the reaction. Nice consolidation above $72k now, so a new ATH is still likely soon.
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