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Technical analysis:
BTC/USD has been trading sideways at the price of $37.000 and I see potential for the rejection of the support or the breakout.
In case of the rejection of the support at $37.000, there is the chance for the rotation upside towards $37.500 or even $38.000
In case of the downside breakout of the support at $37.000 and hold below, there is the chance for the downside movement towards $35.600
RSI oscillator is showing reading around 50 level, which is a sign of the indecision.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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