BTCUSDT, Long from a crucial supportt
BTCUSDT has been a bearish trend since it rose to $28,143 on 29th August 2023. The bears have been able to bring down the price to equal lows since 22nd August at $25,331.
Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6
What do I expect?
The current price is exactly reacting at the base of the trendline support of the ascending channel since 19th January 2023 and the bears are losing momentum at this level which is the reason why the bulls will overtake the bears to drive up the price to $26,606 and further to $27,601 in the coming days.
Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6
What do I expect?
The current price is exactly reacting at the base of the trendline support of the ascending channel since 19th January 2023 and the bears are losing momentum at this level which is the reason why the bulls will overtake the bears to drive up the price to $26,606 and further to $27,601 in the coming days.
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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.