BTC has reached a new short-term low of $60,775 after correcting from $73,777. This low was suggested by the trading volume given by the FRVP, as cited in previous analysis. The FRVP support at approximately $67,200 continues to be important, and bullish behavior is expected if the price remains above it. The recent highs and lows suggest price compression via a symmetrical triangle. Breaking the resistance level of this triangle — currently around $70,750 — could easily propel the price to a new all-time high.
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BTC has broken resistance.
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