BTC Price Set for Potential Bounce at Lower Bollinger Band

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BTCUSDT Technical analysis update

Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions.

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hexa

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ملاحظة

Bitcoin price touched the lower Bollinger Band on the daily chart.
We can expect a bounce from the current level.