Will BTC continue its uptrend?
Hi all, let's look at the 1D BTC to USDT chart, in this situation we can see how the price has broken out of the downtrend line and currently we can see how we are struggling to move towards the recent ATH at $108700.
Let's start by defining the targets for the near future that the price must face:
T1 = 106275 USD
T2 = 108476 USD
Т3 = 112839 USD
Т4 = 115756 USD
Т5 = 118876 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 102746 USD
SL2 = 100744 USD
SL3 = 99094 USD
SL4 = 97479 USD
SL5 = 95161 USD
It is worth taking a look at the MACD indicator, which shows that we have entered an uptrend again, and here we have a visible place for this trend to continue.
Additionally, on the SMAs 20 and 50 we can see how we are getting closer to returning to a strong uptrend.
Let's start by defining the targets for the near future that the price must face:
T1 = 106275 USD
T2 = 108476 USD
Т3 = 112839 USD
Т4 = 115756 USD
Т5 = 118876 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 102746 USD
SL2 = 100744 USD
SL3 = 99094 USD
SL4 = 97479 USD
SL5 = 95161 USD
It is worth taking a look at the MACD indicator, which shows that we have entered an uptrend again, and here we have a visible place for this trend to continue.
Additionally, on the SMAs 20 and 50 we can see how we are getting closer to returning to a strong uptrend.
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