🚨 Hamster Kombat ($HMSTR) Token Price Predictions: What to | RayhanAhammed on Binance Square

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🚨 Hamster Kombat ($HMSTR) Token Price Predictions: What to Expect in 2024 and Beyond! 🚀

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$BTC /USDT 4-Hour Technical Analysis: Descending Channel with Bearish Momentum Current Price: $57,925 Time Frame: 4-Hour Chart Key Levels: Resistance: The upper boundary of the descending channel, around $60,000, acts as strong resistance. A break above this level could indicate a potential reversal of the current bearish trend. Support: The lower boundary of the channel, around $54,000, is the immediate support level. If the price continues to follow the channel, it could touch this level in the near future. Breakout Scenarios: Bearish Continuation (Target: $54,000): If Bitcoin continues to respect the descending channel, it is likely to move towards the lower boundary. The immediate target would be around $54,000. This level is crucial as a break below it could lead to a further decline towards the next significant support level around $50,000. Bullish Reversal (Potential Breakout): For a bullish scenario to play out, Bitcoin needs to break above the descending channel, ideally with a strong close above $60,000. If this happens, the next resistance level to watch would be $63,756, which could potentially open the door for a more extended rally towards $66,000 and beyond. Conclusion: The current bearish structure within the descending channel suggests that Bitcoin may continue its downward movement, with $54,000 as the immediate target. Traders should closely monitor the price action around the channel boundaries, as a breakout could provide a clear signal for the next significant move. Given the strong rejection from the upper boundary, the likelihood of reaching the lower target seems higher unless there is a strong bullish catalyst. #TON #DOGSONBINANCE #BNBChainMemecoins #PowellAtJacksonHole #CryptoMarketMoves

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