BTCUSDT Price Outlook – Potential Downtrend Scenario
BTCUSDT appears to be showing signs of a potential downtrend. However, based on current chart patterns and resistance levels, the price may first attempt to test the 106,000 resistance zone. This area could act as a rejection point, increasing downside pressure.
If a decline occurs from that level, initial support is expected around 101,000 A break below the psychological level of 100,000 may open the door for further downside the next strong support zone lies near 98,000.
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BTCUSDT appears to be showing signs of a potential downtrend. However, based on current chart patterns and resistance levels, the price may first attempt to test the 106,000 resistance zone. This area could act as a rejection point, increasing downside pressure.
If a decline occurs from that level, initial support is expected around 101,000 A break below the psychological level of 100,000 may open the door for further downside the next strong support zone lies near 98,000.
if you like this idea if you have any idea about BTCUSDT Analysis Share in comments I will be Glad.
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✅My Free Signals
t.me/+z0Nor_UdLmM2MTY0
✅Join my Telegram Channel
t.me/KB_Trading_Class
t.me/+z0Nor_UdLmM2MTY0
✅Join my Telegram Channel
t.me/KB_Trading_Class
Related publications
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.