Previously, we wrote; “BTCs mom. weakness was confirmed by price action yesterday as BTC failed to rally any further and slid slightly lower during the day.
At this point BTC is still confined within a trading range. We continue to eye the 109k key level for BTC.”
BTC witnessed a light drop on Tuesday towards 105.2K followed by a recovery today.
We expect BTC to re-test the 109K key trigger today, or at most, this week.
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