BTC is close to ATH from the previous bull market
Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. 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 in the near future is $ 23,244, if the support breaks, then we have the place of the previous ATH, it is worth remembering that historically BTC never fell below ATH from the previous bull market.
Now let's move from the resistance line as you can see the first resistance is $ 24,821, if you can break it the next resistance will be $ 26,126, $ 27,268, $ 28,356 and $ 29,933.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, while the MACD indicator indicates a downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,244, if the support breaks, then we have the place of the previous ATH, it is worth remembering that historically BTC never fell below ATH from the previous bull market.
Now let's move from the resistance line as you can see the first resistance is $ 24,821, if you can break it the next resistance will be $ 26,126, $ 27,268, $ 28,356 and $ 29,933.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, while the MACD indicator indicates a downward trend.