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BTC bull scenario November 10th 2022

Bitcoin weekly chart :

We finally hit my 18 month target situated in the 16400$ area (went even lower to the 15.600 levels but bounced back quickly). We now have to consider this the absolute bottom and trade accordingly.

The Fibo measured move from the breakout in August 2020 did a full retracement on the 0.9 level perfectly. I don't see any other lower levels than this one. usually a bounce to at least the 0.702 level follows. That means 27.540$, this is what I'm currently targeting.

Happy hunting !

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Disclaimer : the opinions presented in our report are our own and DO NOT CONSTITUTE FINANCIAL ADVICE. Cryptocurrency trading is a very risky endeavour. You can and probably will lose your money if you do not do your own research.

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