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Bitcoin Current Status ⬇️
Recently, $BTC broke out of a descending channel and is now pulling back.
If price manages to hold support above the previous resistance, the bullish structure can remain intact and continue into next May.
However, if this support is lost, $BTC could fall back into the descending channel, with a potential move toward $58K. Losing that level would open the door for a much deeper correction.
Things are about to get very interesting especially with FOMC meeting ahead, I personally feel like They will pump the price until FOMC to Trap Bulls..