2023-12-20 07:55:16

Daily BTC Review

❌Liquidations in the market over the last 24 hours, CoinGlass: ~51 K traders, totaling ~$120 million - 70% long positions and 30% shorts.

The previously broken downtrend was tested from the top to the bottom and locally bounced upwards, indicating the buyer's strength and intentions to move the price higher📈

All that remains is to break above 43K, a mark that acts as resistance and on gives price a move towards 45K.

Of the additional, there is little to add for now. It is important to keep the price above the 8-hour MA50 and the Ishimoku Cloud, which should press the price to 43K and subsequently help break above. I expect a short-term rise to 45K, and in the medium term, I expect 48-50K. These are my main targets.

BTC-1,25%

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