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March 19 Bitcoin Update – An Important Trendline to Monitor

$BTC has started to breakdown and is having a bearish week so far. I have this very important white trendline for BTC, which gives a price target around $55k for support. However, I think the best entry for going long on Bitcoin is below the white trendline, marked by the light blue circle. This gives a price target around $45k. This could be the potential bottom for the correction, and could be the buying opportunity for Altcoins. These are my preliminary thoughts for now, we’ll see how things are trending over the next few weeks.

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