BTCUSDT: Continuing to move below 44,000 USD
Updated
Hello dear friends, it's great to see you all again for today's discussion on BTCUSDT.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
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Note
BTCUSDT has fallen and completed the first indicator arrow target
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