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Bitcoin Could See Massive Counter-Trend Rally, Analyst Predicts

  • Bitcoin may potentially retest a downward resistance line at around $60,000, creating a short-term trade opportunity.
  • If Bitcoin were to test the trend line and bounce back from the support level, it could lead to a substantial counter-trend rally.
  • The analyst advises caution as the rally might be temporary and Bitcoin's long-term trajectory remains uncertain.
  • Bitcoin's ability to trigger a surge in price and regain bullish momentum depends on its bounce back from the support level.

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