source avatarFinancialFreedom

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$BTC just put in a pretty interesting technical move. We flushed all the way down to the 200-day moving average around $73K, almost perfectly tagged it, and have since started bouncing. The big question now: Can $BTC hold this level and turn it into a launching pad for another leg higher? Even more interesting, another push higher from here would start to shape up a pretty compelling inverse head-and-shoulders pattern. Nothing is confirmed yet, but this is exactly the kind of price action bulls want to see. I’m watching closely.

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