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  • Writer's pictureCryptofool

Technically speaking: A good day

It was a good day in crypto space. A much needed rally broke through the 38K level and moved to the next resistance line at 43K. I would expect a minor retrace to 38 - 40K levels due to the overbought conditions and traders taking profits. If price holds , 38 - 40K level we may see another push towards 49 - 50K in the near term. BTC is not out of the woods but definitely a good start.

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