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BTC: Support/Resistance Test

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BTC is currently sitting below support which also happens to be the 50% retrace of the last leg of the sell off - if it is able to break former support/current resistance level of 50k, it could run to 52k before attempting a retest of support. With that in mind, this week could see BTC range from 52k to 42k as support and resistance are tested before the next move

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