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Bitcoin / TetherUS
Long
Updated

Bitcoin is retesting Critical zone for targeting almost 200K$

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Most traders around world now don't know what to do with their own trades or spot holdings, because some are in profit and how doubt of more pump and are still holding and some others miss this massive pump and think it can rest and fall now and it is not a good time to enter long.

And many other questions and thoughts At this time is simply check the chart and do these simple steps which are some mentioned and some not due to huge content.
Delete all of my previous drawings and start new Charting the price and see new trendlines or supports and resistances formed.
Then technically check the volume and breakouts and ... once again and here for Bitcoin i still find out chart looks extremely bullish to me and at this orange zone which is price is getting a little slow some important things may happen.
30% is expecting price fall below red trendline again and see short-term fall.
70% is expecting price complete retest of breakout here or pump more ASAP and then hitting targes like 150K$ and more for $BTCUSDT.

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AS we said before in lower timeframes the support is retest of this trendline and is around 115K$ and it seems it hold strong and market is ready for next phase pump soon.
one of the Major Fibonacci levels are also 0.38% and it is the strong support zone combined of trendline support and Fib support now ahead.

snapshot

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