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  • Writer's pictureCryptofool

Technically speaking: BTC short and medium term

Updated: Aug 8, 2022

The BTC extended losses through Sunday. The price rapidly approached a critical support line. Breaking 33 - 34K level, opens a clear path to 30K.

If price holds above 33 - 34K there is a chance for a bull rally. However, if prices close below, it will not only break a support line but also an up trend line. HH and HL channels will break and BTC price will enter a downtrend.

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