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02 March 2021

Bitcoin Must Hold Above Crucial Support to Avoid Downswing to $40,000 | Crypto Briefing

Bitcoin Must Hold Above Crucial Support to Avoid Downswing to $40,000 | Crypto Briefing


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Bitcoin Must Hold Above Crucial Support to Avoid Downswing to $40,000.

Such technical pattern forecasts that Bitcoin could be bound for a one to four 4-hour candlesticks upswing before the downtrend resumes. 

Failing to hold above this critical demand wall could be catastrophic for those betting on the upside. 

The IOMAP cohorts show that the next significant support wall sits around $40,000, representing a 16% downswing from the current price levels. 

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