BitcoinLong
BTCUSD
Since Donald Trump's election, Bitcoin/USD has experienced a strong bullish trend. While there are several factors contributing to this upward movement, the pair is currently nearing a crucial support level in technical analysis. If this support level holds, it could act as a base for another potential bullish trend. On the other hand, there is an alternative possibility: if Bitcoin/USD breaks below this support line, it could transform into a resistance level, potentially leading to a bearish trend. That said, the analysis indicates that such a bearish outcome is less likely to happen.
Please note: This is not financial advice. The information provided is for educational purposes only. Trading involves risk, and you should always conduct your own research and trade at your own discretion.
Please note: This is not financial advice. The information provided is for educational purposes only. Trading involves risk, and you should always conduct your own research and trade at your own discretion.
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