BTCUSDT : SIDEWAY

By Antonia_Le
Updated

"Hello BTCUSDT Traders,

Today, Bitcoin is carving out a resistance level at the $52,000 USD/BTC mark amid the latest U.S. macroeconomic data falling short of expectations. According to analyses from TradingView, BTC's price action has stagnated during the last week's trading session and into the start of this week, showcasing a sideways movement.

For this week, I anticipate BTCUSDT to continue navigating within a defined range, with resistance at $52,800 and support around $50,500. What are your thoughts on this outlook?"
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