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Bitcoin Technical Analysis (2-Hour Chart)

Adminius
in Spot Trading signal

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Bitcoin Technical Analysis (2-Hour Chart)

#BTC is currently trading at $83,000.

A falling wedge formation has formed on the chart. This formation usually gives a bullish (bullish) signal.

BTC is currently trying to break the resistance zone of this formation.

However, there is a risk for investors who enter early! Many people open long positions by seeing only the trend line break.

However, the real important resistance level is located just above as a horizontal resistance.

For a solid rise, both the falling wedge and the horizontal resistance must be broken.

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