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The $40,000 battle 💁🏻
After a brief period of accumulation, $BTC managed to break through the next support level and enter a consolidation near the upper interest channel boundary.
The next level is a major psychological resistance of $40,000, holding substantial liquidity. Judging by the order book, we can expect high volumes of delayed buy orders triggered upon breaking through this level.
🐄 Another strong bullish marker is the recent establishment of a new 1Y high.
With relatively low volumes over the weekend, chances are that we will see a move above $40,000 at the beginning of the workweek.