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Karmen
@karmen4k
bitcoin has been in an uptrend since the lows of $16k at yearly open of 2023, it has trended up -> consolidated sideways -> trended up again currently it has been consolidating in a tight range between $58k & $72k for about 3 months I tweeted around the range highs of $71k that I thought decent spot to derisk, reasoning is that market has levels of supply & demand, or resistance and support the last daily candle up when the market peaked in mid march is the main resistance capping the market between $71.3k & $73.3k, its an important level because thats when sellers stepped in & there was more supply there then demand when markets are trading in a range you want to derisk into the range high levels that are established resistance now, im assuming that this range is bullish consolidation & that if we retest range lows (which is likely after testing range highs & failing) that it will hold and eventually push us to higher prices $100k+
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