BTC analysis

in LeoFinance5 years ago

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Bitcoin break the trading range because of Walmart fake news. Bitcoin able to back in the range and now trading near $45,000 area. The yesterday pump and dump liquidate both long and short positions. The resistance to flip is $46,000 area and we only see some positive movement in market after BTC hold $46,000 area. BTC holding $44,000 support in 4-hour and daily chart.

Market is recovering a little from yesterday pump and dump. BTC need to break and hold above $46,000 otherwise we see a retest of $45,000 area.

Bitcoin is now again testing the $46,000 resistance. BTC need to flip this level and after that the next resistance is $47,300 area. The support is $45,000 and last support is $44,000-$44,500 area.

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