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Bitcoin Near Swing Low at 117K Displaying Functional Support for Bullish Rally

I believe Bitcoin is currently hovering around and below the 117K mark, establishing a swing low. From this level, I anticipate the next upward move, as the previous resistance level has now turned into support and is holding firm.
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AI Analysis

Bitcoin has recently experienced a decline to the 117K level, which appears to be establishing a significant swing low in the current market cycle. This level, previously marked as resistance, has now...

AI Recommendation

Considering the formation of a swing low around the 117K support level, I advise positioning for an upward move, potentially by entering long positions if bullish signals confirm. Monitor key technica...

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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