Ali: $33,000 form a significant line of defense that could potentially halt further BTC price declines

2024/01/24 08:11

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🚨 Bitcoin Price Watch: A close below $38,000 on the weekly chart could signal a downturn for $BTC, targeting the strong support cluster around $33,000. This key area combines several technical elements: the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average. These factors together form a significant line of defense that could potentially halt further # BTC price declines.

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Ali: $33,000 form a significant line of defense that could potentially halt further BTC price declines

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