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Technical analysis:
BTC has been trading sideways at the price of $58.000. Potential exhaustion on the upside and chance for the downside ration.
Trading recommendation:
Watch for potential selling opportunities if you see the breakout of the rising wedge pattern.
Downside targets are set at the price of $55.350 and $53.000.
Additionally, there is the bearish divergence on the Stochastic oscillator, which is good indication for the downside movement.Resistance set at $59.000
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