BTCUSDT SPOTLong
BTCUSDT: Upward vs. Downward - A Crucial move Ahead
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Let's analyze BTCUSDT :
Bitcoin has experienced a significant price correction, falling approximately 16% from its all-time high. However, BTC has demonstrated resilience by holding above the critical weekly support level at $94,700. Currently, BTC is encountering resistance in the range of $98,500 to $99,700. A successful break above this resistance zone could propel BTC towards the next resistance level between $103,000 and $104,000. Conversely, if BTC fails to maintain the $94,700 support, the next support level to watch is between $91,300 and $92,500.
Support Levels:
94.7k
Resistance Level:
98.5k
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 :
Bitcoin has experienced a significant price correction, falling approximately 16% from its all-time high. However, BTC has demonstrated resilience by holding above the critical weekly support level at $94,700. Currently, BTC is encountering resistance in the range of $98,500 to $99,700. A successful break above this resistance zone could propel BTC towards the next resistance level between $103,000 and $104,000. Conversely, if BTC fails to maintain the $94,700 support, the next support level to watch is between $91,300 and $92,500.
Support Levels:
94.7k
Resistance Level:
98.5k
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!!
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.
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.