BTC dump as BTC.D gears up to retest!!
2024-12-20
Category: None

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Let's analyze BTCUSDT :
Bitcoin has broken below its previous trading channel and is testing lower support levels. This drop is largely attributed to Bitcoin dominance (BTC.D) rising to retest the 59% level. BTC is presently around the $94,700 support. If this level holds, a significant price rebound is possible. However, if BTC dominance reaches 60% or higher, BTC could fall further to around $91,000. 

Key Support Levels:
$94,700
$92,0500-$91,100

Key Resistance Level:
$98,500

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