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The Bulls have managed to turn the local Resistance Level into Support

As the price came back to re-test it and a bounce has occurred.

This bounce however was short-lived, which should not be a surprise as the range between 54K and 57500$ has seen a lot of trading activity in the past, therefore this range is filled with potential Resistance Levels.

The Bulls now have to defend this Support Level if they want to maintain the bullish sentiment, which will allow them to start pushing the price towards 57500$.

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#btc #bitcoin #trade #trading #crypto

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