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#BTC/USDT ANALYSIS
Bitcoin has broken down from the ascending channel with significant volume and is now rebounding from the 50MA, which is acting as support.
A retest of the channel breakdown level is likely from here. If the price reclaims that level, another downward move may follow.
However, a successful recovery above the breakdown zone could open the door for another bullish rally.
$BTC @Gate_Square#GateSquare