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BTC/USD has been trading upside today and I found the breakout of the downside channel, which is a good sign for further upside movement.
Due to the breakout of the downside channel and upside momentum in the background, I see potential for further upside movement.
Watch for potential buying opportunities on the intraday dips with the upside objective at $24,550.
Stochastic is showing bull cross, which is another sign for further rally.
Key support is set at the price of $22,500
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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