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BTC's technical prospects: Key levels worth following
BTC is testing the key resistance near $98,000, which is reinforced by the downtrend line. The immediate resistance is $98,000, followed by $100,071 and $102,010.
On the downside, the support areas are located at $96,375, $95,446, and $93,344.
Relative Strength Index (RSI) is 58, reflecting a neutral momentum, while BTC remains above its 50-day Exponential Moving Average (EMA), at $96,375.
This indicates a mild bullish sentiment, but also highlights the importance of breaking through the $98,000 resistance level to unleash further upside potential.
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