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Cryptocurrency News Video
Bitcoin’s Hidden Pattern: Price Explosion Ahead? | Live Analysis & Predictions
Apr 24, 2024 at 03:00 pm MyCryptoParadise
the decreasing volume of Bitcoin and predicts an upcoming explosive movement. The analysis focuses on a symmetrical triangle breakout to the downside, leading to a 10% dump. Currently, Bitcoin is trading within a rising wedge pattern, indicating a high probability of a breakdown. Resistance levels, Fibonacci retracement zones, and bearish divergences suggest a bearish sentiment in the market. The sentiment is extremely bullish, but majority bullish positions at resistance levels are seen as dangerous. Liquidity data indicates a potential move towards $67,400 before a further decline to $55,000, followed by a reversal towards $93,000. The text emphasizes the importance of trading based on probabilities and avoiding emotional decision-making for long-term success.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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