Hello, community members welcome to this BTC /USDT daily chart update.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see in the above-mentioned chart that BTC is trading inside this falling channel pattern on a lower trend line support.
BTC consolidated at the lower trend line support for more than the last 18days and it converted into a strong support zone in this daily time frame.
Here RSI also prints a bullish divergence in this daily time frame.
BTC needs to hold this lower trend line support to have some hope for bull traders. Break below the lower trend line will change the whole market sentiment and it will lead BTC towards the price level of 22k which is almost 23% from the current price level.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.