Bitcoin / TetherUS
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Bitcoin breaking out? Where is the next resistance?

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Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by $300B & rates continuing to soften substantially.

Bitcoiners are front running a Fed pivot and buying up this rally.

One thing is for sure their is still major technical resistance up ahead and some consolidation is due.
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Once bitcoin hits major resistance we are expecting a larger pullback & consolidation before moving higher. Anyone chasing these levels will likely get a better entry if patience is exercised.

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