BTCUSDT : Suddenly turned around!
BTCUSDT is currently trading around the $43,333 mark and is embarking on a short to medium-term upward trajectory.
As a result, BTCUSDT has completely broken out of the parallel downtrend channel as the bullish side successfully countered the downward pressure near the psychological level of $40,000.
Currently, BTCUSDT is showing slight signs of retracement, but the technical outlook still leans towards an upward trend as it has successfully breached two resistance levels at $41,700 and $43,100, thereby establishing them as new support levels for the recovery journey.
As a result, BTCUSDT has completely broken out of the parallel downtrend channel as the bullish side successfully countered the downward pressure near the psychological level of $40,000.
Currently, BTCUSDT is showing slight signs of retracement, but the technical outlook still leans towards an upward trend as it has successfully breached two resistance levels at $41,700 and $43,100, thereby establishing them as new support levels for the recovery journey.
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Trade closed: target reached
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Related publications
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.