BitcoinLong
BTC/USDT 2 possible scenarios
Updated
Bitcoin is currently ranging on top of a support, we can see the price trying to breakout the trendline. We are in a demand area it is possible that price breaks out and look for higher resistance levels. Be careful with bull traps as it is an scenario that could play out as well. Be prepared for both outcomes, I would wait for breakout and retest finding support for confirmation.
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Note
Breakout happened, now we can find resistance on this level.
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