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Bitcoin: Ascending Channel

BTC/USD, 4 hours    SHORT 5 days ago
202581,00081,50082,00082,50083,00083,50084,00084,50085,00085,50086,00086,50087,00087,50088,00088,50089,00089,50090,000↓ resistance ↓↑ support ↑breakoutBTC/USD · 4H · 28 Mar 2025
An ascending channel has been identified. An ascending channel is believed to be a useful chart signal that is used to predict a breakdown is likely to occur when price breaks out. BTC/USD embarks on a bearish correction towards 84000 amid rising bets for the move.
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