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2023-10-07 21:47

November 27

Bitcoin analysis

Bitcoin analysis Bitcoin analysis

Bitcoin analysis Weekly time frame

Review as price action

In the weekly time frame, the general trend is upward, but the price is currently around a supply area, and there is a possibility of price correction until it is below the 40,000 price.

Bitcoin analysis Daily time frame

Review as price action

There will be a possibility of Bitcoin declining to lower areas due to the indecision in the candles and being in the supply area.

Bitcoin analysis 4-hour time frame

Review as price action

Considering the selling pressure created in the previous few candles and the 4-hour trend line breaking, there is a declining possibility to around 35640 (this scenario is suitable for oscillators).

In case of a descent and confirmation below the 35,640, Bitcoin can drop to lower areas.

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