Bitcoin

Bitcoin About To Break Uptrend

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What happened to the perfect start in the new week? Yesterday morning, we were about to rip the 70k, and 30 hours later, Bitcoin is about to break below a trend line.

The trend line shows the uptrend Bitcoin initiated at the beginning of July. Certainly, this is not the most crucial trend line. However, a break and close below can certainly trigger more downside potential.

So far, every drop below has been recovered quickly. Therefore, I remain positive and hope BTC will bounce from here and continue its upward trend.

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