Bitcoin is testing the key long-term upside support
Bitcoin is testing the long-term horizontal support and an uptrend Andrews Pitchfork channel line 29000-29500 zone. This support confluence is the key for the upside extension and continuation. A bounce here would lead to another wedge upside resistance test of 32400. A break below 29000 would lead to a hard reversal lower to even 15000.
Note: you can build a buying position with protective stop-loss orders below 29000.
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