BTCUSDT Price Prediction
As can be seen from the current price movement, BTC on daily TF has broken out of the parallel channel with an impulsive bear move.
Therefore a retest of the trend line is highly likely to occur and if a rejection follows at the retest as indicated by arrows, the next leg of this bearish move is expected to drive the price all the way down to 33000 area.
Therefore a retest of the trend line is highly likely to occur and if a rejection follows at the retest as indicated by arrows, the next leg of this bearish move is expected to drive the price all the way down to 33000 area.
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.