#BTCUSDT Weekly Chart Analysis:
Based on the analysis of the BTCUSDT weekly chart, it has been observed that whenever the price reached the mentioned "ring" level in the past, a significant decline occurred. However, it is worth noting that the current price seems to be finding support at the ring level. If a proper breakout occurs, there is a potential for the price to reach the next ring level at 164k.
Based on the analysis of the BTCUSDT weekly chart, it has been observed that whenever the price reached the mentioned "ring" level in the past, a significant decline occurred. However, it is worth noting that the current price seems to be finding support at the ring level. If a proper breakout occurs, there is a potential for the price to reach the next ring level at 164k.
Note
As you see we heading toward our next resistance around $49.5k
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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.