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BTC/USD analysis: potential buy entry around 29,328 support level
Bitcoin has made a considerable recovery since last week and its price has gained almost 14.3% since 11 October. Price is likely to gain another 8.4% and rise to the 31768 supply area in the coming days. I am considering the 29321 recent support level for buy entry as there is a bullish order block and 0.786 Fibonacci level around the same price. Moreover, the price has managed to retain its bullish trend and is making new higher highs. The overall crypto market has made a significant recovery in the last few days. Fundamentally the prospects are positive and the recent rally in the price of Bitcoin is mainly ... (full story)