BTC reenters the range area. However, no signal should be confirmed until Bitcoin is out of the range area, the re-entry of bitcoin into the range area makes us consider the recent local top as a potential upthrust. Bitcoin is currently above the EMA20 support line, and we have to wait and see how Bitcoin reacts to it and the moving average of 40 bricks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.