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Bitcoin- Could drop to 40k zone again
Since the recent low under 46k, Bitcoin has had 5 good days and the price has risen above 50k to a high at 52k, slightly under 15%.
However, bulls could not hold the gains and, after a small range of consolidation above 50k, BtcUsd has dropped under this important figure again.
Now the price is in 49-49500 support and a drop here would expose 46 recent low.
More important is that if Bitcoin will break 46k confluence support the road is clear to the 40k zone and also would be a very bad sign for bulls in the future
My strategy is to sell rallies above 50k and, as I said multiple times, only a sustained break above 53k would make me bullish
However, bulls could not hold the gains and, after a small range of consolidation above 50k, BtcUsd has dropped under this important figure again.
Now the price is in 49-49500 support and a drop here would expose 46 recent low.
More important is that if Bitcoin will break 46k confluence support the road is clear to the 40k zone and also would be a very bad sign for bulls in the future
My strategy is to sell rallies above 50k and, as I said multiple times, only a sustained break above 53k would make me bullish
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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