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Posted by
Two Blokes Apr 30 -
Filed in
Crypto
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Technical analyst Kevin, known on X as @Kev_Capital_TA, highlights what he describes as “a low at the exact level that we were eyeing for the last couple of months.” In a post that accompanied the chart, the chartist pointed to the confluence between the macro 38.2 percent Fibonacci retracement—drawn from the 2021 all-time-high to last year's capitulation low—and a long-running falling resistance line that has acted as support since the depths of the bear market.
