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BTC/USD: Looks Bullish Overall
Bitcoin experienced a minor dip in its trading session on Monday but has since displayed signs of renewed upward movement, indicating a potential breakout. There is a growing likelihood that the market will not only break out but also target the 47,500 level, influenced by resistance levels observed in weekly charts. In the short term, any pullbacks should be seen as buying opportunities. The 20-day Exponential Moving Average (EMA) has provided support, as evident during Monday's trading, along with the $40,000 level and the 50-day EMA in the same vicinity. These levels have proven to be robust support zones. To cast ... (full story)