irCryptoClub - BTC/USDT - Binance
BTC/USDT
It is still moving in the direction of analysis.
By re-examining the chart in 1-hour timeframe and validating the ranges, and considering the current wave as the last positive market wave, it is expected that the bitcoin price trend will continue in the form of a chart.
Accordingly, the most important static resistance range is around $ 43,200 and the downward trend resistance from the $ 48,000 ceiling is around $ 44,200, and it is expected that the price trend will fall again in the short term once the price enters this range.
Therefore, due to the above, caution in trading in the coming days is necessary, and as long as the price of Bitcoin is not above the above limits, no confirmation will be issued for the medium and long-term growth of the market.
If you cross these limits, the analysis will lose its credibility and the old targets will be available in the range of $ 50,000- $ 53,000.
If necessary, the analysis will be updated.
good luck
It is still moving in the direction of analysis.
By re-examining the chart in 1-hour timeframe and validating the ranges, and considering the current wave as the last positive market wave, it is expected that the bitcoin price trend will continue in the form of a chart.
Accordingly, the most important static resistance range is around $ 43,200 and the downward trend resistance from the $ 48,000 ceiling is around $ 44,200, and it is expected that the price trend will fall again in the short term once the price enters this range.
Therefore, due to the above, caution in trading in the coming days is necessary, and as long as the price of Bitcoin is not above the above limits, no confirmation will be issued for the medium and long-term growth of the market.
If you cross these limits, the analysis will lose its credibility and the old targets will be available in the range of $ 50,000- $ 53,000.
If necessary, the analysis will be updated.
good luck
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/CryptoClub_Technicalanalyst
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/CryptoClub_Technicalanalyst
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