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cryptodoc76

Point of confluence for BTC at US$53k

Short
BTC Perpetual Futures Contract (BINANCE:BTCUSD.P)  
cryptodoc76  
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Pivot Points Trend Lines Moving Averages BTC BTCUSDT
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pivotpoints trendline movingaverage btc btcusdt
It seems inevitable that we will test the US$53k due to the multiple confluence points at this level:

1) Support level from daily support line
2) Transection of Bull Market Support Band at 21w SMA
3) Edge of descending broadening wedge

This level is also where many of the spot bids are placed on most exchanges so seems highly likely!
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