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Bitcoin Price Downfall Mood

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@cryptopoints
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We see bitcoin break up high to the upside or have a massive correction to the downside as we're getting squeezed we also have a couple different trend lines we have this old support we had multiple touches on to the bottom and we just broke to the downside a couple four hour candles ago and then we got another bounce off this support we're coming back up to retest this as resistance and this has resistance now we're coming up to retest both of them if we get rejected on either of these and we come back down that's going to make me bearish and i think we could break out to the downside there's a couple different patterns that are playing out one longer term and one shorter term

we're gonna look at a little on the next graph what first wanted to touch on that but if we can get back above both this red resistance line if we can break this resistance line i think we're going to break this resistance line and we're going to come back up and re-test the top of the triangle and then retest this as support and then break out look for a breakout of this red resistance line if we get rejected from it look for a move to the downside in my opinion but if we get back back above that red resistance line look for a little bit of consolidation you know for at least the next couple days before a massive move to the upside this move could be imminent it could happen at any time so just want to put that out there but that is on the four-hour chart

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