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Patrick Karim, technical analyst at Technical Traders Ltd, comments that Bitcoin is still limited by what he describes as a gold-defined "dome" structure. He observes that more progress is needed for Bitcoin to break free from this technical pattern.
Karim has previously provided an in-depth review of silver, examining previous corrections and outlining expectations for the current market in a recent analysis. He has also expressed caution about the strength of the silver rally, highlighting unresolved issues on the monthly chart in a separate note. His latest comments on Bitcoin follow a similar focus on technical patterns and resistance levels.