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@EliteElliott

Yesterday's low volume bounce has pushed the price back up to the Resistance Level at 51K.

Since there was no momentum, BTC got rejected immediately as soon as the price touched this level.


The Bulls have to reclaim the 51K Level to restore confidence in the market, because if the price keeps bouncing between the 51K Resistance and the 48300$ Support Level, then we could get yet another Bear-Flag formation, which would favor the Bears once again.


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#crypto #bitcoin #cryptocurrency #trading #btc

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