BTC/USDT 1HOUR CHART UPDATE !!
Bitcoin (BTC) is currently trading at $56,900.00 against Tether (USDT) on Binance, showing a slight decline of -0.02%.
BTC is currently trading above a crucial support trendline.
The yellow trendlines indicate key support and resistance levels.
There is a highlighted support zone between $55,800 and $56,200 (orange oval).
This zone is crucial for maintaining the current bullish structure.
Resistance Levels:
Immediate resistance is around $57,200.
Higher resistance levels are at $58,000 and $59,600.
BTC is expected to test the support zone around $55,800 – $56,200.
A successful rebound off this zone could lead to a bullish rally towards $58,000 and above.
If BTC maintains the support zone around $55,800 – $56,200, a bullish reversal is expected.
The main targets will be $57,200, $58,000, and eventually $59,600.
A breakdown below the support zone could lead to further declines.
The main support levels below this zone will be $54,600 and $53,800.
BTC is testing a crucial support zone around $55,800 – $56,200.
Keep an eye on a comeback from this support zone or a break below it.
Resistance: $57,200, $58,000, $59,600.
Support: $55,800, $54,600, $53,800.
Keep an eye on high-volume moves to confirm the next direction. This will give a clear indication of whether the price will move higher or lower.
BTC is currently trading above a crucial support trendline.
The yellow trendlines indicate key support and resistance levels.
There is a highlighted support zone between $55,800 and $56,200 (orange oval).
This zone is crucial for maintaining the current bullish structure.
Resistance Levels:
Immediate resistance is around $57,200.
Higher resistance levels are at $58,000 and $59,600.
BTC is expected to test the support zone around $55,800 – $56,200.
A successful rebound off this zone could lead to a bullish rally towards $58,000 and above.
If BTC maintains the support zone around $55,800 – $56,200, a bullish reversal is expected.
The main targets will be $57,200, $58,000, and eventually $59,600.
A breakdown below the support zone could lead to further declines.
The main support levels below this zone will be $54,600 and $53,800.
BTC is testing a crucial support zone around $55,800 – $56,200.
Keep an eye on a comeback from this support zone or a break below it.
Resistance: $57,200, $58,000, $59,600.
Support: $55,800, $54,600, $53,800.
Keep an eye on high-volume moves to confirm the next direction. This will give a clear indication of whether the price will move higher or lower.
Related publications
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.