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BTC - Downwards Channel & Descending Triangle

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Current Bitcoin (BTC) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of 49K-$52k.

Additionally, the weekly Relative Strength Index (RSI) is indicating a downward trend, signaling a potential correction. Given these technical indicators, it's prudent to anticipate a corrective move in Bitcoin's price. BTCUSDT BTCUSD

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