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BTCUSD – approaching a price line that has been previously tested numerous times in the past

BTCUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 7 hours.

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We expect a 1416 pip movement on HE for the next 48 hours.

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We expect S to trend downwards today with a 71.43% chance.

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