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BITCOIN (BTCUSD): Two Scenarios Explained ₿



Very important moment for Bitcoin .


On a daily, the market is currently trading in sideways.

The price has formed a wide horizontal trading range.

Bears are testing its support at the moment.


Here are two scenarios for you to follow:

Bearish.

In case if the price breaks and closes below the underlined support of the range,

many buyers will lose confidence and it will be a trigger for one more selling wave.


Bullish.

The price may respect the underlined support.

Your confirmation to buy the market will be a bullish breakout of a falling wedge pattern on 4H.

It will lead to a bullish move to a resistance of a daily range.


Because I heavily invested in crypto, I remain bull-biased.

But who knows, we must be prepared for everything.


What will happen in your view?


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