BTC Bottoming Action Near 42,000 Signaling a Buy

The green breakout candle on May 8 failed to take a BTC higher, signaling a short-term top. Since then, BTC has moved significantly lower for 7 to 10 days. 42,00 looks like a good area to make some buys as the one-hour chart is showing a double bottom with price holding and increased volume.

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