BTC: Testing the bottom of the old channel
Bitcoin is currently testing the lower boundary of its previous trading channel and has, thus far, successfully found support. The initial target for an upward movement is set at 43'500, which not only represents the channel's midpoint but also aligns with the 200 SMA, adding to its significance. Should Bitcoin manage to break through this key level, the next objective would be the upper limit of the channel, positioned around 45'000, offering a notable target for potential upward momentum.
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