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Bitcoin price movement for March 05-06, 2020

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After having touched the daily bullish order block at 8435.37, BTC is moving sideways. Now it is attempting to break out and close above the 8915.25 from this consolidation area (Green Rectangle). As long as Bitcoin does not retrace to 8657.91, it is likely to break 8915.25 and reach 9247.15 as its primary target and 9785.85 as its secondary target.

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The material has been provided by InstaForex Company - www.instaforex.com