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Will Bitcoin Break it's 29,000 Barrier?!?!

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@beehivetrader
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Bitcoin started falling in Mid-May of this year and it's been 2 months now that it has been consolidating.

So where it is Heading Now?

Will it breaks its Nearest Support i.e. 29000?

Let's See it on Charts:

  • There is a major trendline that it is following since May.

  • It's Forming Descending Triangle Pattern.

  • Which usually according to technicals means Buyers are getting weak and we are able to see a series of higher lows again and again.

  • Trend is also a downtrend so the probability is high it may break 29000 in the coming days.

  • So these dotted Lines are the immediate trendline that BTC is currently respecting.

So the time only tells where the BTC will head.

Good-luck Trading!

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