BTC analysis and expectations
#BTCUSDT 1h chart
Price is in a downtrend and is currently at the $38,400 level. However, we have a strong bullish divergence on RSI and MacD is in a bullish territory, plus we have an untested 1h Supply zone. All of those indications suggest that price will most likely go up, break the trend and trade above the EMA ribbon again targeting the 1h supply zone at $40,600.
Price is in a downtrend and is currently at the $38,400 level. However, we have a strong bullish divergence on RSI and MacD is in a bullish territory, plus we have an untested 1h Supply zone. All of those indications suggest that price will most likely go up, break the trend and trade above the EMA ribbon again targeting the 1h supply zone at $40,600.
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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.