BTCUSDT - Main Target 25250 Support Level
Hi guys, let's review the current situation for BTCUSDT on 4 hour price chart.
Last week the price of BTC jumped from 26400-25900 support area to 28350-28033 resistance area. It seems like it was a fake breakout of 27560-27300 resistane area as price quickly went back under this resistance area. The price of BTC almost touched 26400-25900 support area reaching 26540 price. Now on the market slight correction and it can go up to 27500 or so.
I don't expect significant price rise from the current levels and reckon that the price will continue to fall. The first stop here will be 26400-25900 support area but I'm pretty sure that the price will reach 25250 support level.
Previously, 25250 price level was a resistance but now it's main support level.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
Last week the price of BTC jumped from 26400-25900 support area to 28350-28033 resistance area. It seems like it was a fake breakout of 27560-27300 resistane area as price quickly went back under this resistance area. The price of BTC almost touched 26400-25900 support area reaching 26540 price. Now on the market slight correction and it can go up to 27500 or so.
I don't expect significant price rise from the current levels and reckon that the price will continue to fall. The first stop here will be 26400-25900 support area but I'm pretty sure that the price will reach 25250 support level.
Previously, 25250 price level was a resistance but now it's main support level.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
Note
As it was described in original idea BTC price plunged almost to the main support level. I don't expect price to go significantly lower than 25250-25000.Note
Everything goes as expected so far. Waiting for another fall.
✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
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.
✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
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.