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Analyst Says Bitcoin Price Has Entered The ‘Ideal Buy Zone’, Here’s Why

  • Bitcoin has entered what analysts call the 'ideal buy zone' based on the hourly bullish structure.
  • The break below a key downward trendline on the 1-hour candlestick timeframe chart indicates an entry point
  • Bitcoin's daily closing price is still below the key descending trend line, suggesting the broader downtrend remains.
  • Key resistance and support levels to watch: $84,576 to $86,000 for potential rebound, $78,363 to $79,500 for support range.

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