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21 June 2021

TA: Bitcoin Signals Fresh Increase, Here’s Why $37K Is The Key

TA: Bitcoin Signals Fresh Increase, Here’s Why $37K Is The Key


smart summary beta

There was a break above the $36,000 resistance level.

There was also a break above a key bearish trend line with resistance near $36,000 on the hourly chart of the BTC/USD pair.

A clear break above the $40,000 level could set the pace for a larger increase.

If there is a downside break below the $35,500 support and $35,000, the price could start a sharp decline towards $32,000.

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