BTCUSD : Rapid price drop

Updated
Hello dear friends!

BTCUSDT did not escape Karina's prediction when it quickly underwent a price correction after a rapid increase to above $44,000.

As a result, BTCUSDT promptly dropped by nearly $2,700 after breaking through the support level of $43,100 and breaking out of the sideways trend.

Currently, BTCUSD is finding support around the $42,000 mark, but any recovery attempts will face resistance at the $43,000 level. On the other hand, the $41,000 level may be tested again if the current trend continues.
If there is a downward movement below $40,000, there is a higher risk of encountering more downsides. In such a scenario, the price could potentially drop to the support level of $38,500 in the near future.
Trade active
Trade closed: target reached
BTCUSDBTCUSDTChart PatternsTechnical IndicatorssidewayTrend Analysistrendlne

Related publications

Disclaimer