BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC remains bullish and is consolidating in a symmetrical triangle on the 2H TF. MACD crossover is turning bullish
A successful breakout of the symmetrical triangle will confirm the move toward the horizontal resistance and a solid break above it will target the key resistance level of $18.5K.
If BTC breaks out of the symmetrical triangle with a retest below it, the chart will be invalid.
This is not a piece of financial advice.
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Samders
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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CHART ANALYSIS:-
Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following last week’s collapse of FTX.
Since FTX’s bankruptcy, the market has struggled to attempt to find support, with BTC trading near this point in today’s session.
BTC fell to a low of $15,872.94 earlier in today’s session, before rallying and reaching a high of $16,864.76.
The move away from its current support of $15,800 came as Twitter CEO Elon Musk gave his view on the token.
In a response to a tweet from Jason Calacanis, Musk tweeted, “BTC will make it, but might be a long winter.”
As can be seen from the chart above, price strength has also rebounded since this tweet, with the 14-day relative strength index (RSI) now moving higher, towards a ceiling of 39.00.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you