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Daily $BTC Anaylsis The 200-day moving averages (MAs) must maintain their current levels to prevent a potential breakdown of the overarching technical pattern. Should Bitcoin (BTC) fail to sustain both the MAs and the larger structure, a decline toward the lower $80,000 range becomes probable. At that juncture, a temporary rebound could occur, though a further descent into the mid-to-low $70,000 range remains a plausible outcome. Additional analysis will be provided if these levels are tested. Alternatively, the current price action may align with a previously discussed scenarioâa potential false breakoutâas both the short-term bullish flag formation and the 200-day MAs continue to hold firm. This represents yet another critical inflection point for Bitcoin's price trajectory. #MarketPullback #BTC #bitcoin #BTCè”°ćżćæ
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Daily $BTC Bitcoin Analysis The current market landscape remains highly ambiguous. Bitcoin continues to sustain its position above the daily 200 moving averages, a development that undeniably reflects strength. Conversely, we have yet to observe a decisive, impulsive move capable of disrupting the prevailing pattern or propelling Bitcoin toward the prior range low. Should Bitcoin succeed in breaking free from this pattern, the situation will warrant close attention and analysis.Additionally, it is prudent to anticipate the possibility of a deceptive breakout. Given Bitcoinâs prolonged confinement within this channel, there is a significant likelihood that the initial breach will only briefly extend beyond the pattern before reversingâpotentially ensnaring breakout traders. This scenario could unfold in either direction. #BTC #bitcoin #Write2Earn
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Daily $BTC Market Analysis Bitcoin has commenced the week exhibiting bullish momentum. However, I remain cautious and unconvinced of its sustainability. The basis for my skepticism is as follows: I will reserve optimism until Bitcoin decisively establishes a higher high and subsequently maintains stability above the daily 200 moving averages. On the bearish side, there exists a minor CME gap alongside a substantial cluster of liquidations, driven by the steady uptrend from 77,000, which has enticed a significant number of long positions. It is entirely plausible that Bitcoin could form an equal high at this junctureâor marginally exceed itâbefore initiating a downward move. These liquidations would be strategically positioned within the critical range between the local low and the current level. This outlook would be invalidated should we witness a robust upward surge, with the exponential moving average providing sustained support. #bitcoin #BTC #Write2Earn
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Daily Bitcoin Market Analysis $BTC has successfully surpassed the daily 200 moving averages and is currently consolidating above this critical thresholdâa development we have long anticipated. However, it is imperative that Bitcoin maintains this level. Should it fail to hold, a decline toward the low 80,000 range becomes highly probable, aligning with the opposing boundary. In essence, this would result in continued oscillation within the same trading range observed since late February. For a meaningful upward trajectory, a decisive and robust move toward the prior range is essential. True bullish confirmation will only be achieved upon reclaiming the 94,000 level, marking a significant shift in market sentiment. #BTC #BTCè”°ćżćæ #Write2Earn
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#VoteToListOnBinance My Top Picks Even though #mubarak and #broccoli are taking the lead, I've personally had enough of gambling on memecoins this cycle. #creatorbid gets my vote, as they are building a real product around AI and the creator economy. It may take more time than a memecoin to take off, but I support projects with real utility.
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