Hello dear friends, it's great to see you all again for today's discussion on BTCUSDT.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
Trade active
Note
BTCUSDT has fallen and completed the first indicator arrow target
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.
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.