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BTC Facing Resistance at $69k

Written By: ChartChamp

May 28, 2024

The monthly candle for May closes on Friday, and ideally BTC bulls would like a monthly candle close above the yellow zone. Right now BTC is facing some resistance at the red $69k resistance line, which is not what I want to see. However, there is plenty of time for BTC to pump throughout the week. BTC’s monthly candle close will be important for determining if bulls are still in control. Right now it looks like bears are keeping the price below $70k.

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