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MikybullCrypto 356 days, 12 hours ago


As the #BTC weekly candle is about to close, here are the important price actions to keep in mind.

#BTC broke down a critical level and is approaching the zone, if price breaks above to reclaim it, we are good to continue upwards, however if we experience a rejection.

Then we'll continue lower to the 18k$ major support.

The previous monthly candle close, was a doji star and most times indicates a pull back to the origin of swing which gives 18k$ a strong level to watch, in case of price failing to sustain 20k$

The USDT.DOMINANCE found a horizontal support and bounced off it. Usdt.d is aiming at 9% which is a resistance. At that level there should be a major relief in #BTC price.

Total Crypto Market Cap broke below 1T$. I want to see price above 960b$, then I am sure of us seeing bullish momentum regained, if not we might likely go below 800b$ which is a good support for a possible rebound.

The minor gap on #BTC CME around 21800$ - 22000$ is critical, it’s a battle zone between bears and bulls. A good break above 22k$ is a good sign, however, failing to regain 22k$, is a sign of an exit. To previous support.

The coming days will be good to watch the market observe what the prices does at this levels and take decisions based on that.

Keep in mind, every analysis is subject to change so there's always an invalidation point.

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