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Chart of the day BTC

Gareth Soloway reveals next Bitcoin move

Bitcoin is sandwiched between major support and major resistance as shown in the zoomed out Bitcoin Daily chart.

Crypto Banter by Crypto Banter
February 3, 2022
in Signals & Trades
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Bitcoin is sandwiched between major support and major resistance as shown in the zoomed out Bitcoin Daily chart. The probabilities suggest that price will see a little more downside, then break above the resistance trend line (shown in the zoomed in Bitcoin Daily chart). Price will likely head to $46,000 near-term. This thesis is negated if $33,000 (the low pivot support) is taken out to the downside. Mid-term, I still have bitcoin going sub $20,000 before finally finding a bottom, then long-term heading to $500,000+. I purely follow the charts and macro economic analysis.

Tags: BTC
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