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📍#Bitcoin Update (Continue)
Bitcoin forming a Descending triangle pattern on a weekly time frame. Bitcoin need to hold its position above the support level of $18,700
A candle closing below this level will start a Bearish momentum and the next level where the bitcoin price gets support is near $17,800 where 300👇🏿👇🏿WMA also lying.
On👇🏿👇🏿chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k
Bitcoin forming a Descending triangle pattern on a weekly time frame. Bitcoin need to hold its position above the support level of $18,700
A candle closing below this level will start a Bearish momentum and the next level where the bitcoin price gets support is near $17,800 where 300👇🏿👇🏿WMA also lying.
On👇🏿👇🏿chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k
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#Bitcoin Update (Continuous)
🔶At a lower time, Bitcoin is Forming a rising Wedge which is a bearish pattern. A break below this level could send the price near $16,
🔶Recent data reflects that miner reserves have been on a declining trend in the past week.
🔶The data shows that Bitcoin miners have dumped over 7.7k Bitcoin in the last week. Big players will manipulate the market in this situation so be careful and trade safe ✅
vipclub_99
🔶At a lower time, Bitcoin is Forming a rising Wedge which is a bearish pattern. A break below this level could send the price near $16,
🔶Recent data reflects that miner reserves have been on a declining trend in the past week.
🔶The data shows that Bitcoin miners have dumped over 7.7k Bitcoin in the last week. Big players will manipulate the market in this situation so be careful and trade safe ✅
vipclub_99