Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTCbreaks below 38k level and holds $37,500 level so far.
In 1hr time frame, BTC is trading inside a bullish falling wedge-like structure and bouncing from the lower trendline of the wedge. Once it breaks above this wedge and also 50ma then it is ready to go 42K
Also, a bullish divergence occurs in RSI which is a good sign of a bull's perspective.
So overall it looks bullish in LTF all we need is to hold the 37.5k level.
Let's go to 42k!
If you like this idea then do support it with like and follow. Also, share your views in the comment section.
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.