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Welcome to this BTC /USD update. BTC rejecting from $45k resistance one more time. In my many previous updates, I told you when BTC breaks out of the $40k level that it might come to retest this level.
Currently, BTC is trading above the $40k level and breaking below the 21D ma which is not a good sign in short term. Now I'm expecting that it might come to test the $38k level and then bounce.
If BTC doesn't hold the $38k-$40k zone then be ready for $30k
Supports:- $38k-$40k/$35k/$30k
Resistance:- $45k/$53k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
Welcome to this BTC /USD update. BTC rejecting from $45k resistance one more time. In my many previous updates, I told you when BTC breaks out of the $40k level that it might come to retest this level.
Currently, BTC is trading above the $40k level and breaking below the 21D ma which is not a good sign in short term. Now I'm expecting that it might come to test the $38k level and then bounce.
If BTC doesn't hold the $38k-$40k zone then be ready for $30k
Supports:- $38k-$40k/$35k/$30k
Resistance:- $45k/$53k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank you!
Note
In 4hr time frame BTC still holding the 200ma. If break below this then it will go to test the $38k level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.