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Bitcoin gives a fakeout

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Bitcoin gives a fakeout below the uptrend channel to **liquidate over leverage **positions and trigger stop loss.
BTC is now back above the $40,000 area and this is a good sign.
If BTC holds above the $40,000 level then we see a move towards $42,000 resistance.
Bitcoin is back in the uptrend channel.

img_0.5365901205920954.jpg
We may see a big move this week.
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Bitcoin gives a fakeout | Ecency