Bitcoin

BTC BULLISH

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BTC has respected an ascending weekly TF channel for the third time and has finally broken a 4H TF downward trendline which confirms my bullish bias. We have a structure and ascending channel resistance at 42500. This resistance could push BTC down just for a while and I can see it pushing BTC down to 36000. If this happens, long term traders can get in on a buy. I will be sending updates if there are changes. Overall, BTC is bullish.

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