Based on Weekly Chart, there is a crucial Support at 29245 which makes its more difficult to more downside movement until unless a bad news comes in the market . the major sell off period with good volume has been done during last week and the closing of the last week candle is above the support indicate that bull is resisting the bear rally now
while if observing the BTCUSDT to shorter time Frame of 1 Hours It is forming the Triple bottom reversal
MACD and RSI both are in oversold zone
In my personal opinion the coming week the BTCUSDT will remain a indecision in the market and it probably make a accumulation phase here before a Major Rally
Support Level
-29k
-25k
Resistance level
35k
48k
while if observing the BTCUSDT to shorter time Frame of 1 Hours It is forming the Triple bottom reversal
MACD and RSI both are in oversold zone
In my personal opinion the coming week the BTCUSDT will remain a indecision in the market and it probably make a accumulation phase here before a Major Rally
Support Level
-29k
-25k
Resistance level
35k
48k
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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.
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.