Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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BTC continues to oscillate within the 60K to 70K range, unable to decisively breach either level. The Relative Strength Index (RSI) has also stabilized around the 50% mark, indicating a balance in momentum.
Currently, BTC appears to be retracing towards the 60K support zone. Should this level fail to hold, a significant breakdown could occur, potentially leading to a substantial decline towards the 52K region.
Conversely, if the market manages to surpass the 70K threshold, it would likely pave the way for a new all-time high. As such, traders are closely monitoring these key levels for potential breakout or breakdown scenarios.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
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