strong buy
Bitcoin Approaching Critical Breakout Level at $120,000
Bitcoin intentionally broke through the support zone to clear out high-leverage positions. Currently, the price has recovered above $118,000, establishing a base for upward movement. The critical breakout level is $120,000: surpassing this mark will confirm the continuation of the upward trend.
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AI Analysis
The recent price action of Bitcoin indicates a strategic move where the cryptocurrency deliberately breached its support zone. This can be viewed as a liquidity shakeout to eliminate high-leverage tra...
AI Recommendation
It is advisable for traders to wait for a confirmed breakout above $120,000 before entering new long positions. This confirmation should ideally be accompanied by increased trading volume to ensure th...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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partial sell