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21.01.202213:01 Forex Analysis & Reviews: Trading tips for Bitcoin

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Bitcoin dropped to $40,000.

This gives an opportunity for buyers to take new long positions in the market.

As seen in the chart, the most ideal move is to take a buy position at the current prices, in anticipation of a false breakdown of $40,000. After that, take another position on the breakdown of $30,000. The average purchase price will be $35,000, which is almost half of BTC's all-time high.

Good luck and have a nice day!

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