BTCUSD is testing a 2 years old uptrend channel lower wedge extending since 2023 where #BTC price was ~$25k. The wedge is ranging between ~$80k : ~$70k. Key levels:
~$79k: kind of imminent today.
~$73.5k: The first and the nearest core demand, smart money is concentrated at this level "A bounce is anticipated from here"
~$70k: Is the last bulls haven, breakingdown will unlock the ~$60k mark.
Check my previous BTC analysis, I've been calling for the ~$80k : ~$70k since ATHs.
#AhmedMesbah
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.