BTC IS BREAKING OUT BUT NEED TO HOLD THIS LEVEL...

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Welcome to this BTC/USDT update. BTC looks good in 6hr time frame.

BTC is breaking out the symmetrical triangle in 6hr time frame and currently retesting it. From here we expect a good bounce in BTC.

If BTC doesn't hold $40.5k level then it might came to retest the 100ma which is around at $39,500 level. For further upward movement BTC needs to break purple line which is at $42.5k

So overall things looks better IMO. If you want then you can open a long position here with low leverage and add more up to $39k with SL at $37,800.

Also, soon I'm sharing some good altcoins setups long term and scalping setups so stay tuned.

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Comment:

BTC is still trading above the triangle and holds a $40.5k level so far which is good. As long as BTC is trading above $40.5k it is highly likely that we test again $45k-$46k resistance level.

Comment:

BTC is going well so far as we predicted in our previous post. Now there is only one hurdle left (Purple line). Once BTC breaks and closes above this purple line we will see BTC at $45k-$46k sooner than we expected. All we need is that BTC holds its $41,200 support.

Comment:

BTC looks fine as of now. Rejecting from the $42.5k resistance so far. BTC needs to break and close above this resistance level for further upside movement. As long as BTC holds $41,200 support I'm expecting it to reach $45k-$46k
We might see some correction in the market so do not trade without SL, especially with a leverage position. More pictures will clear after the weekly close.