Yesterday BTC price touched the broadening wedge support line and the previous major support zone at the 50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching 100K.
Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.
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