Bitcoin Slams Down to Edge of Value Area

We’re seeing the long-awaited test of the lower edge of the current value area ($60k – $74k):

If the price is able to CLOSE below $60k in the near future, then we should see the price drop down to the next value area at $52k. This would also be coincident with pushing beyond the lower bollinger band on the weekly chart, which should be a very strong buy signal:

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