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Maximilian_FX
Mar 4, 2024 7:32 AM

BTCUSDT: Waiting for a possible reversal Short

Bitcoin / U.S. dollarBitstamp

Description

Hello everyone, let's discuss and strategize for the new day!

In general, BTCUSDT has experienced a significant price increase, surpassing the $53,250 mark. It is currently trading at a new high of $63,750, marking a 0.96% increase for the day.

However, it can be observed that the price has reached the upper limit of the upward channel, so there is a possibility that the price will touch the channel's upper boundary and retest the 34 and 89 EMA levels, which are also the price levels that were previously broken through.

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Comments
MyCryptoParadise
Anticipate either a continuation of the uptrend or a consolidation phase as it interacts with these key technical levels.
ibrar550
looks like itl touch 67k
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