$BTC

BTC.D continues to rise after retesting the horizontal trendline and the 50 EMA support. It is currently facing horizontal resistance. A breakout above this level, followed by a successful retest, would confirm the potential for further upside

Conversely, a rejection from this resistance level, along with a breakdown and retest of the horizontal trendline and 50 EMA, would serve as a bearish confirmation

It’s important to note that BTC.D typically moves inversely to the altcoin market cap. With the market currently in a choppy phase, potential opportunities are likely to emerge soon 🧐

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