Bitcoin / TetherUS

BTC/USDT (Support Found?)

2182
💎Technical Analysis Summary💎



BTC/USDT

-Bitcoin may have found support around mid 45k dollars region
-This is a confluence of previous trading support zone plus 50 Moving Average
-There is a potential short-term resistance trendline at 48k dollars
-This may act as a barrier but if Bitcoin can overcome this line
-I think we can be safe again in the next few days of trading
-We saw corrections on most Altcoins today
-But that is normal and is expected due to profit-taking
-Since the Altcoin market has been strong for the past few weeks now
-There is no need to panic, just make sure you can buy the Altcoins at a dip
-Provided these coins are at support and moving averages like 50,100,200 are aligned





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