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As soon as BTC got rejected from the bottom of the Pennant

On its way back up, the Bears took the opportunity, as this move was a confirmation of weakness and that’s exactly what the Bears were looking for.

The sell-off that has soon followed pushed the price through important Support Levels, like the 51K area. This was an important Level to hold because a significant low has formed around this Level back on the 25th of March and now BTC is trading right below it.

This move has created a Lower Low on the chart, which could mean trouble for the Bulls going forward.

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#bitcoin #btc #crypto #trading #trade

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