TradingView
Antonia_Le
Feb 19, 2024 10:05 AM

BTCUSDT : SIDEWAY  

Bitcoin / TetherUSBinance

Description


"Hello BTCUSDT Traders,

Today, Bitcoin is carving out a resistance level at the $52,000 USD/BTC mark amid the latest U.S. macroeconomic data falling short of expectations. According to analyses from TradingView, BTC's price action has stagnated during the last week's trading session and into the start of this week, showcasing a sideways movement.

For this week, I anticipate BTCUSDT to continue navigating within a defined range, with resistance at $52,800 and support around $50,500. What are your thoughts on this outlook?"

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Comments
MyCryptoParadise_Simon
showing stagnation recently, the forecasted resistance and support levels present interesting scenario
Antonia_Le
@MyCryptoParadise_Simon, thanks so much
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