BTCUSDT : Maintain a chain of good price increases
Updated
Hello dear friends! BTCUSDT continues to maintain a strong upward trend. Currently, this cryptocurrency is trading around the 37,000 level and has formed a solid support area near the EMA 34 and 89 lines at 36,500.
The long-term uptrend is still intact, with the current resistance level at around $38,000. BTC needs to sustain its current upward momentum in order to surpass this psychological resistance level and accelerate the price increase. Closing above the $38,000 resistance could initiate a strong rally. The first major resistance level is close to $39,200, above which the price could rise even further. In the scenario mentioned, it could test the $40,000 level. Any further gains could potentially push BTC to $42,000.
The long-term uptrend is still intact, with the current resistance level at around $38,000. BTC needs to sustain its current upward momentum in order to surpass this psychological resistance level and accelerate the price increase. Closing above the $38,000 resistance could initiate a strong rally. The first major resistance level is close to $39,200, above which the price could rise even further. In the scenario mentioned, it could test the $40,000 level. Any further gains could potentially push BTC to $42,000.
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