#BTC dumped hard but made a exactly bounce from the support area and kinda made a small range. Well, monday market open may comes with volume and breakout too otherwise the range will continue going on.
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Looking at the current situation, the impressive recovery from the November lows shows a remarkable resemblance to the recovery rallies observed in previous cycles. Except for 2019, all past cycles that experienced a similar magnitude move from the bottom marked the beginning of a new cyclical uptrend. The recent recovery stands at an impressive 91%, indicating potential for a new uptrend.
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