BTC analysis for May 24,.2021 - Inside days formation and potential for the breakout

Technical analysis:
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BTC has been trading sideways at the price of $37.000 but I see potential for the breakout.


Trading recommendation:
My advice is to watch for the breakout of the inside formation to confirm further direction.

Resistance is set at $43.000
Support is set at $29.000

Downside breakout of the support at $29.000 can lead BTC towards the $22.000

Upside breakout of the resistance at $43.000 can lead BTC towards the $.48.000




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Petar Jacimovic
Analytical expert
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