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Bitcoin technical analysis report
Bitcoin surged past the crucial $50,000 resistance, fueling a potential rally towards $55,000, fueled by the breakout of a key uptrend channel and positive market sentiment. Bitcoin cryptocurrency continues to rise strongly after the price broke through the powerful resistance area located between the key resistance level 49000.00 (previous monthly high from January), major round resistance level 50000.00 and the resistance trendline of the daily up channel from November. The breakout of this resistance area accelerated two of the active impulse waves 3 and (3) – which belong to the longer term upward impulse ... (full story)