BTCUSDT Weekly Close Update
It seems, BTCUSDT could not push price through the weekly resistance. There was not enough demand at this level and now it has been put back into the old range. It seems it needs to gain some more momentum before it can break out through this weekly resistance level at 24336 level. The price has fallen also below the monthly resistance. Usually it will not be that relevant if there are many days for the monthly candle to close. But here we have only a day left and that can become a cause of concern as that may trigger a larger pullback before any further upward move. However, there is still possibility of price to put a bit further upward into the weekly resistance and consolidate there during the monthly close and a breakout later through weekly resistance after some more consolidation. Let us see how the price action develops today and tomorrow.
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