BTCUSD: Entering the Channel Up sell zone. 32,000 incoming.

Bitcoin has started the formation of the HH on the long term Channel Up as the 1D technical outlook got overbought again (RSI = 81.981, MACD = 1637.000, ADX = 66.110). The CCI is forming that same toppish pattern as July 10th, April 10th and February 2nd. We are targeting the 0.5 Fibonacci level (TP = 32,000).

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