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🚨 Bitcoin is dumping after weak Q4 GDP growth.
#Bitcoin is currently breaking out of its corrective downward channel, and this time the breakout is supported by spot buyers even at elevated levels. One could consider opening a long position now and trading it toward the target zone of 75,000 USD, which would offer a risk-reward ratio of about 1 to 3.2 at the current level. Alternatively, you could wait for a small pullback to improve the risk-reward profile.