This image is a Bitcoin (BTC) price chart against Tether (USDT) from Binance on a 1-hour timeframe, taken from TradingView. The chart shows a downtrend with a descending trendline (blue) acting as resistance.
Annotations suggest a potential price movement:
1. The price is expected to rise towards the trendline.
2. It is anticipated to reject off the trendline.
3. A downward movement is forecasted after the rejection.
The current price is 80,396.29 USDT, with a +2.29% increase. The overall trend appears bearish based on the descending resistance line.
Annotations suggest a potential price movement:
1. The price is expected to rise towards the trendline.
2. It is anticipated to reject off the trendline.
3. A downward movement is forecasted after the rejection.
The current price is 80,396.29 USDT, with a +2.29% increase. The overall trend appears bearish based on the descending resistance line.
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.
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.