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Bitcoin Technical Analysis: BTC’s Bullish Rise Continues Amidst Market Optimism 

March 1, 2024

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On Friday, the day’s 24-hour trading range (intraday) between $60,365 to $63,684 illustrates a volatile yet upward trajectory for bitcoin (BTC). The significant trade volume suggests a high level of trader engagement, with the market responding positively to underlying bullish signals. This volatility presents opportunities for astute traders to capitalize on short-term price movements. Oscillator indicators such as the relative strength index (RSI) and Stochastic are currently in the neutral zone, indicating a balance in buying and selling pressures.

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