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BTCUSD 26 Jul 2024 On the daily timeframe, BTCUSD showed the ability to reverse the trend after experiencing a decline earlier this week. Bitcoin managed to utilize the kumo cloud as support, reversing the trend to bullish when it touched the kumo cloud. At this moment, Bitcoin is at a price position of 66878.16 with the stochastic chart still strengthening towards the 80 level, allowing the bullish trend to continue. This indicates further upside potential, especially if the price is able to hold above the kumo cloud and the stochastic indicator continues to move towards the overbought zone.
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