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Repost from Crypto VIP News 🗞️
#BTC/USDT ANALYSIS
The weekly candle closed above the descending trendline resistance. The bulls reclaimed the 2017 bull run high after bouncing from the historical trendline support, demonstrating the bull's strength.
The current short-term resistance level is around $23,500. A retest above the descending trendline or creating a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest above the descending trendline would confirm the continuation of the bullish momentum in the market.
