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BTC Bearish Breakthrough at 112k: Downtrend Persists

Bitcoin needs to break through the 112k level and form a long bearish candlestick for a price reversal to occur; until that happens, the asset is expected to continue its downtrend.

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Analysis

Current price action suggests BTC is capped near a critical resistance around 112,000. The insistence on a break above this level combined with a pronounced bearish candle would be a concrete bearish-...

Recommendation

Recommendation: Avoid aggressive long entries until BTC decisively breaks and closes above 112k with convincing volume and a non-false breakout. Consider hedges or short-oriented exposure on weakness ...

Disclaimer

The 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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