Btcusdt potential target

Hi

MACD is showing some bullish divergence in the daily timeframe
RSI is yet to find any hidden divergence

Two scenarios can play out
1.We can have a potential break to our bearish trend line and price increases to 50K
2. Price further decrease and retest between 36K and 37K then look to break the bearish trend

We might have some consolidation if point 2 is full filed and then price might increase to 50K

Good luck
Trend Analysis

Related publications

Disclaimer