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What do we expect on Bitcoin Price?
According to our forecasts in the H1 chart, the BTC/USD has reached a Fibonacci demand zone between the 50% and 65% levels and quickly managed to leave that area, which adds strength to this range that could be in favor of the bulls. The 200-hour moving average is serving as a dynamic resistance and should it yield in order to reach the next target would be 19,887. Conversely, if it breaks below 15,243, it could find support at 14,271.
First preference is Bull