Hello everybody,
Analyzing the BTCUSDT chart on the week we can immediately see that we are in a very delicate situation, the fact that there has not been a real bounce touching last ATH is worrying, on the other hand it must be taken into consideration that the weekend there is always a shortage of liquidity, so beware of the weekly close and next week's opening.
If this support doesn't hold I think the price will slide very fast to 10-12K which is the biggest support right now.
Analyzing the BTCUSDT chart on the week we can immediately see that we are in a very delicate situation, the fact that there has not been a real bounce touching last ATH is worrying, on the other hand it must be taken into consideration that the weekend there is always a shortage of liquidity, so beware of the weekly close and next week's opening.
If this support doesn't hold I think the price will slide very fast to 10-12K which is the biggest support right now.
Note
bounced :)
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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.