BTC/USDT 12Hr UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC bounced back after clearing the short-term downside liquidity. It is also forming an inverse head and should pattern on smaller time frames.
Currently, it is facing MA21 resistance, and a breakout of it will confirm a move toward the horizontal resistance. For mid-term bullish confirmation, bulls need to clear Ichimoku clouds, which would ensure a trend reversal in the market.
Bitcoin is unable to break the resistance area. This seems to be a rejection and the price is again testing the resistance area. Altcoins are showing some positive movement and we may see more upward trend if BTC remains stable in the range.
This is not a piece of financial advice.
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