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MihaiDaniel
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Ethereum
in the 3380$ and 3420$ region have some old support zone from March 2024, that level is a buy level , I don’t think will go lower than that
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Bitcoin had for 8 months a serious consolidation stage between $50,000 and $70,000, in theory this means that the top cannot be at $73,000! Usually after the top bitcoin falls aggressively, in 202q after the peak at 40 days it dropped about 45%, now it didn't do that!
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The countdown has started, the American elections can have an immediate impact on the crypto market, in theory if Trump wins we are bullish, if he loses we don't know what will happen. Bitcoin has lost the area of 70,000$, I would say that it is not something serious, but I would not want to lose either 69k or 68k, this being very sensitive. Liquidity is down, many went long after btc crossed 70k
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Why market is red ? It is a normal pullback, also the market is expecting for Us election to have a major reaction! For bitcoin it is just a soft correction but some alts are in pain,don’t lose hope, we are not so far from joy 🤩
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#bitcoin remains bullish as long as it is above $70,000, after a strong rise it is normal for the market to have a setback, rest period, even a long squeeze, 4h bull flag is valid, $76,000 is still achievable
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Is all time high for bitcoin still in play this week? Yes it is ! Is 100.000$ a target for 2024? I would say let’s wait and see if bitcoin can break 80.000$ first !
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