The BTCUSD pair has been trading within a descending trend channel on the M15 timeframe, with price action testing the lower boundary at 79696.4. The recent bounce off this support level suggests a potential reversal, with the pair displaying a strong bullish momentum as it breaks above the 50-period moving average. The increasing volume on the last candles further validates this signal, indicating a strong buying interest. The price action has also formed a bullish engulfing pattern, which is a classic reversal signal. Given the strong momentum and increasing volume, we expect the price to continue its upward trajectory, targeting…

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