The BTC price remains above the ATH from the previous bull marke
Hello everyone, let's take a look at the BTC to USDT 1 day chart as you can see the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support is $ 19,928 equals ATH from the previous bullish, if the support breaks down, the next one is $ 17,423.
Now let's move from the resistance line as you can see the first resistance is $ 22,999, if you can break it the next resistance will be $ 24,763, $ 26,243, $ 27,722 and $ 29,827.
Looking at the CHOP indicator, we can see that we have very little energy in the 1-day interval, and the MACD indicator shows that we are still in a downward trend.
Let's start with the designation of the support line and as you can see the first support is $ 19,928 equals ATH from the previous bullish, if the support breaks down, the next one is $ 17,423.
Now let's move from the resistance line as you can see the first resistance is $ 22,999, if you can break it the next resistance will be $ 24,763, $ 26,243, $ 27,722 and $ 29,827.
Looking at the CHOP indicator, we can see that we have very little energy in the 1-day interval, and the MACD indicator shows that we are still in a downward trend.