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$BTC #Bitcoin exchange inflows have dropped to their lowest levels in nearly two years, indicating a significant decrease in selling activity. This slowdown suggests that fewer holders are looking to liquidate their positions. Such a reduction in selling pressure often signals that the market is nearing a bottom. A market bottom typically marks the point where prices stabilize before a potential recovery. Therefore, this trend may indicate that Bitcoin's price is approaching a low point and could soon reverse.follow for more informative analysis
Price is currently testing the resistance area; let's see if it can break and close above this level. We will open a long position once the price confirms the breakout.
The price has broken through a major support area and is currently in a downtrend. There is a falling wedge pattern visible on the daily chart. A breakout from this pattern in an upward direction would confirm a trend reversal. We are only considering new long positions if the price can break above and hold above the $19 level.