BTCUSDT breaks bullish channel, corrects above $50,000 range
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Overall, as I predicted earlier, BTCUSDT has plummeted to the designated support zone. It is currently trading below the resistance level of $65,000 within a narrow upward channel. This could lead to a false breakout, as the price has tested this support zone for several hours. Let's wait and see what unfolds.
We are anticipating a potential downward scenario, and if that happens, we can expect a stable consolidation below this level, with price declines around $58,993 and $50,572.
Overall, as I predicted earlier, BTCUSDT has plummeted to the designated support zone. It is currently trading below the resistance level of $65,000 within a narrow upward channel. This could lead to a false breakout, as the price has tested this support zone for several hours. Let's wait and see what unfolds.
We are anticipating a potential downward scenario, and if that happens, we can expect a stable consolidation below this level, with price declines around $58,993 and $50,572.
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