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BTC broke out of the important resistance around 42k level and is now hitting the support level to retest and continue to the upside.
IMHO BTC if stays and maintains the 21D MA Support which is around $38,220 a rally towards upper resistance levels is highly likely.
RESISTANCE LEVELS:-
$45,388
$48,950
Support levels :
$40,300
$39,400
Conclusion:- BTC is likely to continue its uptrend, invalidation will be a daily close below $38200.
What's your thought on this?
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