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Bitcoin hits channel support in key test for bulls, Gareth Soloway warns

Bitcoin hits channel support in key test for bulls, Gareth Soloway warns
Bitcoin trading channel test signals risk

Gareth Soloway, chief market strategist at InTheMoneyStocks, highlights that Bitcoin is now touching the lower band of its parallel trading channel.

According to Soloway, this technical level represents a major test for market bulls and bears, with a break potentially leading prices toward $60,000 and then $50,000. He questions whether bulls can maintain current support.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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