Hello traders,
I hope you guys are doing well with your trades.
BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support.
That's it for now. I hope you find this update informative.
Regards,
Team Dexter.
I hope you guys are doing well with your trades.
BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k) support. We can expect a bounce back from this level where BTC will possibly try to break the $37.9k resistance once again but if the 21 MA support fails then $35.7k is the next expected support.
That's it for now. I hope you find this update informative.
Regards,
Team Dexter.
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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.