Bitcoin (BTC) is expected to consolidate above $119.4k, aiming for a weekly higher high before further expansion. The BTC/XAU (Bitcoin/Gold) pair is called to bottom at 31, suggesting Bitcoin is undervalued relative to Gold which is trading near $4k. If the weekly support level at $119.4k fails, look to bid a fakeout near the Q4 open around $110k.

By blknoiz06
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