Bitcoin is ready for a new all time high

Although this will end with a downfall, the current (potential) distribution phase may provide a higher high, above $42k.

BTCUSDT.P found support at around $29k-$30k level. If there will not be any other attempt to that range, I think a new high will be becoming more likely.

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I don't expect a significant increase from the level of $49k. A correction can occur in the next days. Thus, I close this with success.