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Welcome to this BTC/USDT update. Yesterday when the BTC price crosses below 40k we saw a sudden pump which shows so much buying pressure at those levels. As of now, BTC holds 40k support very well and as long as we are holding this support I'm bullish on BTC.
Here I show you a 12hr chart of BTC. BTC holding its support level very well but still, BTC has to face many resistances to go in bullish mode again. The very first resistance for BTC in LTF is $42,500. BTC must break and close above this resistance for any further bullish movement.
Supports:- 38k/39k/40k
Resistances:- $42,500/$45,500/49k/53.5k
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