BTCXAU failed to break the previous high and plunged below EMA21. The price stays between both EMAs and above 33.50, indicating a potential consolidation.
If BTCXAU surges above EMA21 and 35.00, the price may reach the previous highs before retesting the next resistance at 36.50.
On the contrary, failure to hold above 33.50 and EMA78 may prompt BTCXAU to fall to the subsequent support at 32.00.
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Muhammad Ijaz
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