BTCUSDT SPOTUpdated BTCUSDT Update!!
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Let's analyze BTCUSDT :
BTCUSDT has broken through the 98.5k-100k resistance area, reaching 102k and forming a clear inverse head and shoulders pattern on shorter timeframes. The next resistance level is at 102.8k. A retest of the 100k level is likely. Ideally, for altcoins to rally, Bitcoin should consolidate between 100k and 102k for a period.
Key Support Levels:
100k
98.5k
Key Resistance Level:
102.8k
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze BTCUSDT :
BTCUSDT has broken through the 98.5k-100k resistance area, reaching 102k and forming a clear inverse head and shoulders pattern on shorter timeframes. The next resistance level is at 102.8k. A retest of the 100k level is likely. Ideally, for altcoins to rally, Bitcoin should consolidate between 100k and 102k for a period.
Key Support Levels:
100k
98.5k
Key Resistance Level:
102.8k
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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BTC was rejected sharply from the 102.7k level. As already mentioned, the 102.8k level is a strong resistance level.
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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.