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$BTC The chart represents the price action of Bitcoin (BTC) against Tether (USDT) on Binance. It shows two key scenarios based on price movements at the resistance level of 65,500: 1. Bullish Scenario (Green Arrow): - If Bitcoin breaks above the 65,500 resistance level, it is expected to continue rising towards the 72,000 mark. 2. Bearish Scenario (Red Arrow): - If Bitcoin faces rejection at the 65,500 level, there is potential for it to fall, with a target around the 53,000 support level. This suggests a critical point in Bitcoin's price action where traders should watch closely for a breakout or a rejection. #BinanceTurns7 #BTCâïž
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As of today, Bitcoin (BTC) is navigating a critical phase, trading around $55,000. It is currently experiencing mixed signals: 1. Short-term outlook: BTC faces resistance around $56,000, which could push its price up toward $58,000 and even $62,500 if it breaks through this level. However, if it falls below $54,000, a further drop to $50,000 could be expected. Technically, the market shows a potential for upside as the price consolidates near important moving averages 2. Medium-term outlook: Analysts are eyeing a potential breakout later in September, with historical patterns suggesting that a bullish run could occur after Bitcoin's halving cycles. September tends to be a slow month for BTC, but October has historically delivered stronger returns, averaging 22.9% 3. Bearish risks: Bitcoin is still under pressure from bearish factors, such as declining demand in futures and spot markets. Institutional interest has also waned, contributing to a general downtrend since March 2024 Overall, Bitcoin's next move depends on its ability to consolidate above the $56,000 level in the short term, while long-term prospects hint at a breakout in the coming weeks. Keep an eye on key levels like $54,000 for support and $58,000 for resistance.
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Here's the Analysis of #TON : #TON formed a strong consoldiation range and approaching towards the support zone of $4.60 - $4.92. #TON have a huge potential in upcoming month and expect a bounce from the support and eventually a bullish break to this range. #tonecoin #bitcoin #BTC #Binance
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$BTC SHORT ENTRY 66000 TARGET 60000 - 55000 - 50000 STOP 67500 #bitcoin #BTC #Binance
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Here's the Analysis of #MANTA : #MANTA is been stuck in a range between the support and resistance area of $0.63 - $0.65 and $0.74 - $0.76 respectively. On a HTF view, price continuously moving lower and and range trading can be done here. A breakout will lead the directional price in the market. #MANTA/USDT. #bitcoin #Binance
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