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BTC may rise again amid renewed coronavirus fears

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC may rise again amid renewed coronavirus fears. As long as BTC/USD is above $48500, BTC still has chances to go upside one more time amid renewed coronavirus fears.

From the present rates, immediate strong support identified nearly $51000/$50000 price zone. Therefore, our first target is $59800, and the next target is $68000, and the final target to the upside is $80000.

On the other hand, breaking below $49000 may open the door for more downside and may test again $40000

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