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BTCUSD 21 Jun 2024

BTCUSD 21 Jun 2024 On the weekly timeframe, BTCUSD shows a bearish trend after experiencing a trend reversal when it reached a high price of 72046.92. Although the price is still well above the kumo cloud, the bearish indication is getting stronger as the stochastic indicator is showing a decline caused by being overbought in the previous session. This indicates that the bearish trend is likely to continue. Traders should look out for important support levels as well as other technical indicators for additional confirmation on the direction of future price movements and to identify potential reversal points.

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