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Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022

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Technical Analysis and Outlook:
Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”

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