BTC is in the process of gathering momentum and gearing up for another bullish run, but this will not happen yet. It must break the 70% level in order to witness another bullish run. In the meantime, price just broke out from the bullish line (green line) indicating that price is attempting to sustain itself from reaching the 70% line.
I would place a LONG order once the price closed above the Upper 50% line and partially sell at 42K level.
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