Bitcoin / Tether
Largo

Bitcoin (BTC) technical analysis

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Bitcoin went almost according to the previous analysis. Now, the downtrend line is broken along with RSI and Stochastic indicators’ downtrend line. The candle that broke the downtrend line is a strong one and shows that the coming uptrend will probably be strong. However, the 30K area which is a strong magnet area still could pull Bitcoin down. Moreover, if Bitcoin goes up, there is a high possibility that a mirror triangle pattern (like the one on the chart) occurs, and Bitcoin bounces from the green horizontal line.

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