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Thursday

13 May 2021

TA: Bitcoin Revisits Key Support, Here’s What Could Trigger Sharp Increase

TA: Bitcoin Revisits Key Support, Here’s What Could Trigger Sharp Increase


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There was also a close below the $54,000 level and the 100 hourly simple moving average.

It seems like the price is now facing resistance near $54,000 and the 100 hourly simple moving average.

The next major resistance is near the $54,500 level.

A successful break above the channel resistance and then a break above the $54,500 level could set the pace for a fresh increase towards the $56,500 level.

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