BTCUSDT--34K or 25K ??Observations:
If we see on the weekly chart the previous demand zone is clearly resisting the price to go up.
on bottom side price has taken the support from previous supply zone/Resistance Acts as support and price moves up.
Weekly analysis...
Daily Analysis::
If we see on daily analysis...the price is in a range from few days...
the previous supply zone is resisting the price to gg down.
If price breaks this zone then only we have a chance of short oppurtunity...
A rally base rally is going to observe if price breaks this range, on upside.
No retest is observed after breaking the trendline as well...if it wants to test this 34000 wants to acts as resistance.
Btcusdtprediction
Btc | Level To Watch Btcusdt
Facing Strong Horizontal Resistance Here
Price will retest the support again
Btc will remain bullish as long as it is above this trendline
If this support loses, we will see a correction ,possible to 25k
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the market at any time.
Always manage your risk and trade from your research
MarketUpdates Bitcoin support is 23500#MarketUpdates #Bitcoin support is 23500 while resistance is 25200. #Bitcoin has performed well since yesterday while more alts have also strengthened their support. 25200 has become a tough resistance for Bitcoin (but may cross). When the resistance of 25200 is crossed successfully. So we may see a #bullish spike in the overall market.
BTCUSD Can Hit 12000 ?CRYPTO MARKET UPDATE BY TEAM TENUP
Pakistan Time: 06:15 AM
Bitcoin support levels - $16300 and 16000 strong Support
(Buyers available at this point )
Bitcoin resistance - $16,600 and $17,000 strong resistance
(Sellers available at this point )
Market depends upon Bitcoin movement so we updated you now trade with Risk management and enjoy the bitcoin update.
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Analysis -
BTC Support is at $16,300 and $16,000. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels.
BTC closed its daily candle red at $16428.
BTC needs to hold $16,300 support level to prevent downside price action. The next support level will be $16,000.
Total crypto marketcap is at $835 billion and BTC dominance is at 37.9%.
BTCUSDTAccording to the previous analyses, the trend is still bearish for those interested in knowing what will happen to Bitcoin in the future or wanting to trade on it.
The situation is likely to happen in the short-term time frame, as shown in the image.
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BTCUSDT possible target 63300 and 65000last week professionals did profit taking by their long positions. 48700 initial support even suspect break due to fast fall down. 452000 strong support area should hold to maintain bullish trend for longer term. 63300 and 65000 possible target soon, even suspect more bullish if breaks and hold above 65000