Bitcoin rallied nicely after breakout of consolidate area 43k to42k on Feb 8th , now at 52 k it is oversold in weekly time frame if it has to continue uptrend a leg needed to put backward to 50 k area then resume uptrend.
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Weekly Timeframe chart for reference
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Getiing there to 50 K
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Almost touched 50k took support at 50600 area now testingthe the trendline breakdown area of 51900 if this rejects and voilates below 50600 again we might see 49k comming days
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Back into consolidation area
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Still In Range
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50600 area testing multiple times
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Might get below 50 K before Monday
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50600 support got held 55 k acheived above
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Still strong
