Post
Proekt_73
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The BTC rate has shown stronger growth than expected at $85,500-$86,000 since yesterday, with the current high already at $87,874.
The BTC rate has shown stronger growth than expected at $85,500-$86,000 since yesterday, with the current high already at $87,874.
Yesterday we discussed why we consider the range of $85,500-$86,000 important - it contains the 12-hour EMA 50 and the daily EMA 200. These have repeatedly thwarted the bulls' plans in recent months, including false breakouts. A settlement above both of these resistances is now extremely important for the continuation of the upward cycle we expect, despite the overall skepticism and the sentiment of 'the bears have arrived.'
Yesterday we discussed why we consider the range of $85,500-$86,000 important - it contains the 12-hour EMA 50 and the daily EMA 200. These have repeatedly thwarted the bulls' plans in recent months, including false breakouts. A settlement above both of these resistances is now extremely important for the continuation of the upward cycle we expect, despite the overall skepticism and the sentiment of 'the bears have arrived.'
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