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Hi Guys,
it has been a long time that I didn't share my thought about BTC. Today I am feeling to spread the word about the king of crypto even though people focus on Altcoins this last time. But we have to understand that those Altcoins follow the BTC movement. If BTC drops massively the major crypto dump as well.
Since China banned the use of Crypto in this country, the cryptocurrencies struggle to reach the upward target and it is very slow down. On the contrary, the previous crackdown on May 19th, 2021 was very intense than September 2021 ban. Meaningly, People don't care about September 2021 china ban. Probably, the crypto users understand the crypto and blockchain matter.
Let's see what will happen soon. But before all, I want to tell you that this is my own opinion and not financial advice or any kind. At the time of writing, Bitcoin (BTC) is trading 41,400 USDT with a market cap of $782,303,126,126.23 and a circulating supply of 18,828,681 BTC and down 4% in the past 24hours, the trading volume of $32,052,513,941 USD. We will see if BTC will break out the Lower High(Goldline resistance) or break out Higher Low(greenline, support). So we are waiting for the great move that will happen very soon. If BTC breakout the HL we are expecting the TREND RESUME up to 52k or higher, on the other hand, LH possibly can be broken as well and BTC goes down to 36,000-37,000USDT.
As I told you above that it is just my own opinion that is not financial advice. Do your own research and invest what you afford to lose. Be careful and wise everyone.
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