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Bitcoin is testing the important resistance level of 65,941 today. This mark is the 50% retracement level of the last fall.
If the closing of today's trading occurs below the specified level, then the target of the fall will again become the support zone with a fair price of $63,324. This model will keep Bitcoin in the accumulation zone, and the engulfing candle formed on November 10 will remain the defining one for Bitcoin this week.
It is important to understand that buying bitcoin when returning to the $63,324 zone remains in the foreground. The likelihood that the decline will return to $59,000 is below 40%.
The second interesting model for termination will be the growth of bitcoin to the level of 67,648. This level of the market maker is already marked by the presence of pending orders to sell the coin, so its retest may become decisive in the medium term.
From the above, we can conclude that the zone between levels 63,324 and 67,648 will remain relevant in the first half of this week.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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