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BTCUSD on the M30 time-frame
Bitcoin may rise to 32780 - 33340
Our preference
As long as 30890 is support look for 33340.
Alternative scenario
The downside breakout of 30890 would call for 29950 and 29390.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (31630) but above its 50 period moving average (31130).
Our preference
As long as 30890 is support look for 33340.
Alternative scenario
The downside breakout of 30890 would call for 29950 and 29390.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (31630) but above its 50 period moving average (31130).
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