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BTC

Bitcoin Price Faces Support Test and Downside Targets

The Bitcoin (BTC) price may test the broken support level at 106,600, but it is not guaranteed to reach it. If it bounces downwards, it is expected to retouch the local minimum at 102,614. The next target in the downside scenario is 99,000. Currently, the invalidation of the short-term bearish scenario is set at 108,392.
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AI Analysis

In the current market outlook, Bitcoin is approaching a critical support level that has been previously broken, indicating a possible test of this zone at 106,600. Such a test does not necessarily mea...

AI Recommendation

Traders should approach with caution given the current technical setup. Those holding short positions might consider tightening stops near 108,392 to protect against a potential bullish reversal if 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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