BTC/USDT - Technical analysis ....!!
#BTC/USDT #RANK-1
BTC/USDT took a pullback few days ago which again created the panic in the market, that pullback actually came because traders are booking profit from the recovering BTC market ,so these types of small pullback are seen. There is no need of panic.
Technical Analysis:-
As we all can see BTC is facing a initial a resistance at 58.5k this is because traders are booking a profit from the market ( as mentioned earlier), and the next major resistance that can be seen in the market is around 60.8k, and if BTC breaks that major resistance level(60.8k) it will again catch the trend line and will go for searching its next ATH, and i am bullish from the market, and i strongly believe that BTC will break the resistance and move higher.
The earlier pullback was also confirmed by bearish divergence(marked by yellow line), as we can see the opposite highs in the RSI and the Chart, that divergence has also been reversed which is marked in the chart, this in turn confirms the bullishness of the market.
note:- I am still Bullish from the market. I would suggest for not panicking. These are just small corrections and pullbacks, it is not the starting of BEAR MARKET, we are still in the BULL MARKET.
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BTC/USDT took a pullback few days ago which again created the panic in the market, that pullback actually came because traders are booking profit from the recovering BTC market ,so these types of small pullback are seen. There is no need of panic.
Technical Analysis:-
As we all can see BTC is facing a initial a resistance at 58.5k this is because traders are booking a profit from the market ( as mentioned earlier), and the next major resistance that can be seen in the market is around 60.8k, and if BTC breaks that major resistance level(60.8k) it will again catch the trend line and will go for searching its next ATH, and i am bullish from the market, and i strongly believe that BTC will break the resistance and move higher.
The earlier pullback was also confirmed by bearish divergence(marked by yellow line), as we can see the opposite highs in the RSI and the Chart, that divergence has also been reversed which is marked in the chart, this in turn confirms the bullishness of the market.
note:- I am still Bullish from the market. I would suggest for not panicking. These are just small corrections and pullbacks, it is not the starting of BEAR MARKET, we are still in the BULL MARKET.
Thank You
you all can also follow me on the Twitter..
LINK IN THE BIO....
Show your support .
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