BTCUSD

Since Donald Trump's election, Bitcoin/USD has experienced a strong bullish trend. While there are several factors contributing to this upward movement, the pair is currently nearing a crucial support level in technical analysis. If this support level holds, it could act as a base for another potential bullish trend. On the other hand, there is an alternative possibility: if Bitcoin/USD breaks below this support line, it could transform into a resistance level, potentially leading to a bearish trend. That said, the analysis indicates that such a bearish outcome is less likely to happen.

Please note: This is not financial advice. The information provided is for educational purposes only. Trading involves risk, and you should always conduct your own research and trade at your own discretion.

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