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#BitcoinSupportAndResistanceAnalysis Bitcoin - possible rebound and formation of a sideways trend.
The price has approached the trading zone, which may act as support. And provide a local rebound in the range of 71-72K.
The price is trading below its 20 and 50 MA. MACD is neutral. Open interest has decreased - partial exit from shorts.
Alternative scenario - a breakout of the 69K level may send the price to 67 thousand. #BTC $BTC