Bitcoin - A possible bottom in place

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From the highs at 13868 Bitcoin has sold off consistently. The retracement is most likely complete forming a low at 7296. The rally from this low to 10540 is impulsive in nature ,while subsequent pullback looks corrective. Hence as long as price holds above 7296 i expect buying to get stronger in the coming weeks. A break above 10540 would strengthen the bullish case and open up 13868 as a target'. On the other hand if price takes out 7296 low ,then expect price to push lower , wreaking the bullish case

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