Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. In my previous BTC update I told you that it must close above $35k and I also told you that it might made some wicks below $35k but a strong bounce is coming after that. Exactly the same happened. Yesterday BTC made a nice recovery and closed with a beautiful green candle. But still BTC has to clear many hurdles.
Now I'm expecting a move toward
39K-$40k from here if and only if BTC holds $35k. $40k is the very important resistance level which is previously a very important support. So any further bullish movement BTC has to break and hold above $40k.
After hitting39K-$40k level if BTC did not able to hold above that level then we might test again our last support zone which is at $28k-$30k
BTC must hold our last support zone. If BTC breaks below that support then ready for a big dump but it is highly unlikely.
So as of now just wait and watch how BTC reacts at his S/R level.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Welcome to this BTC/USDT update. In my previous BTC update I told you that it must close above $35k and I also told you that it might made some wicks below $35k but a strong bounce is coming after that. Exactly the same happened. Yesterday BTC made a nice recovery and closed with a beautiful green candle. But still BTC has to clear many hurdles.
Now I'm expecting a move toward
39K-$40k from here if and only if BTC holds $35k. $40k is the very important resistance level which is previously a very important support. So any further bullish movement BTC has to break and hold above $40k.After hitting
39K-$40k level if BTC did not able to hold above that level then we might test again our last support zone which is at $28k-$30kBTC must hold our last support zone. If BTC breaks below that support then ready for a big dump but it is highly unlikely.
So as of now just wait and watch how BTC reacts at his S/R level.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
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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.