BTC/USDT looking interesting!

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BTC overview

We are back with our Bitcoin overview - BTC (4 hour time frame). Buyers failed to get a hold the zone in the $20,200 area, which sent Bitcoin down to a new local low of 19,800. The asset is consolidating within a symmetrical triangle (which is in the yellow box) and price compression after the decline is not a sign of buyer strength.

Despite some uncertainty, the overall picture at the moment still speaks to the advantage of sellers. What are your thought about this coin? Where are we heading next?

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.