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27.07.2022 01:51 PM
BTC update for July 27,.2022 - Potential for the breakout of the downside channel

Technical analysis:

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BTC has been trading upside in the background and there is potential for the breakout of the downside channel.

Trading recommendation:

Due to the potential upside continuation of the growth in the background, I see potential for the rally.

Watch for potential buying opportunities on the pullbacks with the upside objective at the price of $24.000

Stochastic is showing overbought condition but with no evidence for the reversal.

Support is set at the price of $21.000

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