As of now, BTC has not surpassed the breakdown point. The level of wall protection has increased by K26.7, indicating a strong defense. As long as BTC maintains this target, it remains in a positive uptrend.
BTC can sometimes play with psychology. We experienced a similar situation in the past, where BTC lingered around the 30K level. The brief rise to
31K
and subsequent drop to $30K might have seemed like a breakdown trend, but in reality, BTC is still stable in its main trend. There is a good chance of a breakout in the new time frames, potentially reaching $32.8K
BTC can sometimes play with psychology. We experienced a similar situation in the past, where BTC lingered around the 30K level. The brief rise to
31K
and subsequent drop to $30K might have seemed like a breakdown trend, but in reality, BTC is still stable in its main trend. There is a good chance of a breakout in the new time frames, potentially reaching $32.8K
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BTC is still interesting for the target of $32.8K
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IF BTC is able to stay with the new time frame up the green support level, there is a high chance BTC is going to see a breakout to $32.8K
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IF BTC is ABLE to get approved by SEC for ETF We can expect to see unexpected volume which we have seen in times of bull trend. The reason BTC still can stay up $30K coming time, and return up $30K is that the technical view is still positive.
OUT OF SEC expecting news soon, there is a high chance for breakout 32.8K
OUT OF SEC expecting news soon, there is a high chance for breakout 32.8K
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BTC is in the psychological area, where still the volume holding near the 30K, also since approvement by SEC for Blackrock can be a crucial movement.
We see at this moment that the trend is still positive.
We see at this moment that the trend is still positive.
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BTC will stay interesting for the next $32800 breakout.
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History shows that BTC had a more unexpected increases, and we expect the next one will be a new one.
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The last breakdown is still on the technical side no reason for a confirmed breakdown.BTC can still show unexpected breakouts.
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Cycle following is one of the best ways of following a trend, in this cycles we see also breakdown views, but the most important is the main side of the cycle is going. until now BTC is still in an uptrend cycle, and there are no confirmations for breakdown. we expect still that BTC have a high chance to break out $32800 soon.
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BTC is exactly now at Cycle confirmation and can breakout in the coming time
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Next 48H the most important hours for BTC to breakout
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BTC is on very important confirmation for the cycle at this moment.
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BTC seems to make right now the confirmation of the cycle.
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AUG can become an important recovery month for BTC