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BTC keeps struggling around the 51K Resistance Level as it has been rejected from this level multiple times now

The Pullbacks that have occurred after these Rejections got shallower and shallower, allowing the formation of an Ascending Triangle.

The Bulls have to gather their forces and initiate a breakout to the upside otherwise, this formation would be seen as a Bear-Flag and it could incentivize the Bears to increase the selling pressure once again, which would most likely send the price to new lows.

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#crypto #btc #trade #trading #trade

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