BTC reenters the range area

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MJShahsavar

BTC reenters the range area. However, no signal should be confirmed until Bitcoin is out of the range area, the re-entry of bitcoin into the range area makes us consider the recent local top as a potential upthrust. Bitcoin is currently above the EMA20 support line, and we have to wait and see how Bitcoin reacts to it and the moving average of 40 bricks.

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