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$RAY Next Target: $9.20
$DOGE
ZON LONG:
1) $3.80
2) $3.60
Targets:
1) $6.10
2) $7.50
3) $9.20
Stop Loss: $2.80
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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RAY
3.727
+0.21%
DOGE
0.23117
-4.29%
215
0
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💰 Bitcoin is recovering after its recent decline, but the downward trend is likely to persist.
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JUST IN: 🇺🇸 Treasury Secretary Bessent announced that the U.S. government is exploring options to "acquire more Bitcoin to expand the reserve."
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Bitcoin experienced a significant decline following its all-time high and another sharp drop after a liquidity grab. The recent sharp decline was triggered by news that emerged yesterday. Currently, the price is near a support area and appears to be bouncing off it. It is retracing back to the broken trendline, with the hope that it can move higher.
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Bitcoin is currently consolidating within a rising wedge pattern and has recently faced rejection at the resistance trendline. The 21-day moving average (MA) and the 50-day MA are providing support, indicating a potential rebound. However, if the price breaks below the pattern, it could lead to further declines.
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Citigroup is exploring the provision of custody and payment services for stablecoins and cryptocurrency ETFs.
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