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PRO_SMART_Trader
Sep 19, 2019 5:54 AM

Weekly Technical Analysis of BTC/USDT 

Bitcoin / TetherUSBinance

Description

BTC is still trading within the symmetrical triangle. This digital currency is now close to the EMA 20 line (BLUE in the image) which acts as a resistance. Failure to pass this resistance is unlikely to fall below $ 10,000.
Bitcoin's first support closed at $ 9873, which, if broken, is likely to fall below the symmetric triangle trend line .
Bitcoin support level is at $ 9800 AND then 9080 which is extremely strong but if broken, the downfall is not far below the 7400. On the upside, if the price is able to push itself above the symmetrical triangle , the signal will continue the bullish trend, which could raise the price to 13973$.
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