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BITCOIN (BTCUSD) Outlook

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BITCOIN after its big drop last week by touching the price of 1835,nowithasshotupandtouchedthepriceof2765,now it has shot up and touched the price of 2765 where it's struggling.

Where's the price headed?

A possible scenario could be that price might drop from that resistance level it's now and touching the price of 2600whereitmeetsthebrokensupporttrendlinethatcoulddosomeworkbybehavingasasupport.Fromthatpoint,afterithasbeentestedthepriceshouldbouncebackupandre-testthe2765where it meets the broken support trendline that could do some work by behaving as a support.From that point,after it has been tested the price should bounce back up and re-test the 2765 level for a possible breakthrough.
After a possible breakthrough of the 2765levelthepricemightbeheadedtowardsthelevelof2970-2980level the price might be headed towards the level of 2970-2980 where the highest level stands and after that we shall see what happens next.

I really hope that this post was even a bit helpful.
If,so please UPVOTE and RESTEEM to support my idea

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