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$BTC is attempting a recovery after bouncing from the lower trendline of the descending broadening wedge. However, the 21MA remains the key hurdle for bulls.
A decisive breakout above both the 21MA and the wedge could open the door for a strong upside move. Failure to hold the current support, on the other hand, would weaken the bullish outlook and increase the risk of another leg lower.
#BTC #Bitcoin