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Bitcoin Short Term: further advance

Dec 16, 2024 8:27 AM
long positions above 86530 with targets at 112390 & 119510 in extension.
image
Pivot: 86530
Our preference:
long positions above 86530 with targets at 112390 & 119510 in extension.
Alternative scenario:
below 86530 look for further downside with 74880 & 67940 as targets.
Comment:
the RSI is bullish and calls for further upside.
Supports and resistances:
126620
119510
112390
104809 Last
86530
74880
67940
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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