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May 17, 2026
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BTC on a daily chart

BTC on a daily chart

BTC on a daily chart

BTC on a daily chart

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
MrHere4DAfterParty


BTC on a daily chart

We can see that the price has been respecting the ascending channel and recently got rejected at top, alongside the 200MA. We should expect price to hit bottom of the channel at around 38k in the short term. Bear or bull, be ready for both.

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