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[Bitcoin ($BTC) must break through >$30,500 for a new rebound to be possible]
The pie price fell again to the $29200 level. BTC must break above $30,500 to attempt a new upside in the short term.
Bitcoin is currently showing bearish signs, trading well below the $30,500 area.
👀 Price is trading below the 100 hourly simple moving average.
🔺By looking at the hourly chart of the pie trend, it is found that a key bearish trend line is forming, with resistance near $30,200.
📌If the pie continues to walk below the $30,500 resistance level, there is a high probability that it will continue to fall.
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SAVASvip
· 2023-07-18 05:40
Thanks for the info
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