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Crypto

Bitcoin Reverses Support Level, Eyes $82,000 Resistance

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has reversed from its support level of $76,000.00, according to recent analysis. This reversal has stopped earlier waves (4) and C, as well as the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from August.

The upward reversal from this support zone also halted the primary ABC correction 4 from the start of September. As a result, Bitcoin is expected to rise further to its next resistance level of $82,000.00, which previously stopped the previous impulse wave (5).

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