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Bull Wedge in Bitcoin!!
Bitcoin has been broadly ranging but showing a clear affinity for the upper bound of the range at 59.4K. This appears to be the upper bound of a bull wedge pattern, so consider a breakout imminent. We are currently finding support from 57.7K which is a technical level and the intersection of a trendline. We are also seeing a green triangle form on the KRI, suggesting we will have support here. If not, 56.8K and 55.7K should provide support. When we do finally breakout, 61.6K is our next target.
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