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BTC/USD: Sees Buyers

From dailyforex.com

Bitcoin exhibited a notable surge during Thursday's trading session, signaling a potential breakout to higher levels. In the current landscape, it is imperative to closely monitor the $45,000 level, as it holds considerable significance. This level garners substantial interest due to its round and psychologically important nature. It has also served as a point of resistance in recent weeks. If the market manages to breach this threshold, it could potentially initiate a significant upward rally, possibly targeting the $47,500 level, an area where significant selling pressure has been observed before.In the event of ... (full story)

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  • Category: Technical Analysis