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BTC Retesting the Bull Pennant Support Level

During the last upswing BTC failed to reach the upper end of the bull pennant. There has been a downswing and BTC is now approaching the bull pennant support line. The price needs to hold above $60k, and there could be some wicks below for the best price entry. I will continue to buy ALTS when BTC is trading at the bull pennant support level. However, it will be important to make sure the bull pennant continues to hold so BTC and the crypto markets don’t start breaking down.

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