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BTCUSD long-term analysis

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BITSTAMP:BTCUSD   Bitcoin
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BTC continues its downward trend, currently trading at $27,024 after breaking the resistance level at $27,580. Despite a minor recovery, BTCUSD is still on a downward trajectory.

In the long term, BTCUSD may receive support from the expected launch of ETFs and the upcoming halving event, which could drive future price increases.
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