BTC has been riding inside an upwards channel-like structure for many days in a row. Right now, price is resting at the bottom of this channel. Below the channel (at the ~52750 level) is an important level of support (previous swing high on the Daily Chart). This level is also in the middle of 50% - 61.8% fibonacci golden zone, so reversal might take place in this area, however closing below that level is bearish sign.
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