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GenBitcoinex BTC Medium-term Outlook:

On march 15th, in a short term outlook, we stated that we would need to fill CME gaps to 28,224$ - now this has occurred. We also stated that all sell walls to 34,037$ would be smashed through.

Now, we can continue to expect the 28,224$ sell wall to be broken through. Initially, our thoughts were that there would be a mini rejection from this level before breaking it, but at this rate it should be smashed through so that it can act as a price floor.

The next trading week should have us comfortably at 30,000-32,026$. This should come in line with a pump of SPX (S&P) as they have positive correlation.

Keep holding your positions to a minimum price of 34,037$.

Not much has really changed our previous outlook linked above and this is just regurgitation of what was stated before.

Once 34,037-36,00$ is overcome then the market will go into manic buy mode and we should see a flash rise to 45,379$.

I have also given spot calls for our other major coins such as ETH and BNB etc.

Current price: 27,572$

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