BTCUSDT Perpetual Contract
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Bitcoin Bullish Engulfing | Correction over?

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This week’s candle has probably decided the potential move of Bitcoin in the next few weeks/months. According to the last two correction cycles, we have seen the end at a bullish engulfing of the weekly candle.

This is what we are seeing right now. We have got a confident close above the previous candle.

Also, after the last two reversals, we have seen 47-50% move towards the upside. I am going to predict that we will see another 50% move up to 76000$ (or even more).

Penafian

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