Bitcoin / TetherUS
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Bitcoin update

5771

Considering long term view in respect to 3days chart, we can deduce that price is moving in a potential rising wedge formation. This setup will be confirmed, if the current support at 29k holds.

The current support zone is directly on 23% fib retracement level from the MARCH 2020 low and strongly supported with the Trendline and this level should hold with immediate resistance level at 46k-50k zone.

From my previous BTC view, I have almost same idea in term of wave perspectives.

Bitcoin Bullrun is not yet over


More update will follow soon.
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Price break immediate resistance zone
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