BTC Holding Support
Looks like Bitcoin is once again holding support at around the 29-31k range. The trend is becoming a triple bottom pattern on the 4hr timeframe. With such strong support I believe we will be seeing a bullish trend reversal in the coming weeks. Bitcoin is still in a consolidated channel so we will wait until it breaks up and past that channel to confirm. We are also seeing a lot of big investors enter the market at this support level signaling an accumulation phase until the next big breakout. Question to you is will Bitcoin keep consolidating or will it be a swift breakout in the coming weeks?
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