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#Could BTC break the $60K-$70K range soon? #BTC/USDT ANALYSIS
BTC has broken out of the descending channel and is currently retesting above it. The MA 50 is acting as support. The Ichimoku cloud is serving as resistance. A successful retest or a break above the Ichimoku cloud would confirm bullish momentum. If the price enters the channel, further movement within the channel is also expected.