BTC Perpetual Futures Contract
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Point of confluence for BTC at US$53k

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It seems inevitable that we will test the US$53k due to the multiple confluence points at this level:

1) Support level from daily support line
2) Transection of Bull Market Support Band at 21w SMA
3) Edge of descending broadening wedge

This level is also where many of the spot bids are placed on most exchanges so seems highly likely!

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