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BTC update

The Bulls have successfully defended the Support Level at 48300$ as BTC has made a modest bounce from it on low volume, which was enough to push the price back towards Resistance around the 51K level.

This Level now has to be defeated by the Bulls to restore some confidence in the market because, if they fail to do this, then the Bears will see this as a sign of weakness and they might initiate another attack to try to take out the Support at 48300$ and if it is lost, then BTC could see another leg down.

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#crypto #trading #trade #crypto #btc

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