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Technical analysis:
BTC has been trading sideways today but with strong reaction of the previous day low at $56,000.
Trading recommendation:
Due to the oversold condition in the background and strong upside cycle in the background, I see potential for the upside movement.
Watch for buying opportunities on the pullbacks with the upside objective at $59,950 and $62,450.
Support is set at the price of $53,500
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