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๐จ#BITCOINย WEEKLY UPDATE: ๐จ BTC again formed a doji candle on chart which show indecision in market.
Bearish MACD is major concern in chart and so we may not see major big move until it turn into bullish crossover.
Good part is that Stoch RSI is not showing momentum in favor of bears.
Conclusions & Outlook:
โ๏ธShort-Term: BTC is consolidating in theย $90Kย -ย $110Kย range. Given the MACD crossover, a minor pullback or sideways movement is possible.
โ๏ธMid-Term: If BTC maintains support aboveย $90K, a continuation toward new highs is likely.
โ๏ธLong-Term: BTC historically performs well post-US elections, indicating a potential rally into late 2025.
Key Levels to Watch:
Support:ย $90,000 (Range Low),ย $73,000
Resistance:ย $103,000 and 110,000
Must check our other charts to understand bullish and bearish factor in chart.
$BTCย #BTCUSDT
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