Bitcoin, BTCUSDT MARKET UPDATE
Bitcoin support levels - 20000$ and 19500$ strong Support
Bitcoin resistance - $20600 and 21000$ strong resistance
Market depends upon Bitcoin movement so trade carefully with risk management. We updated about btcusdt Bitcoin.
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Analysis -
Bitcoin price struggled to gain pace for a move above the $20,650 resistance. BTC reacted to the downside and traded below the $20,400 level after the fed rate hike of 0.75 bps.
The price declined below the $20,250 support level and traded close to the $20,000 level.
Bitcoin also forming a double bottom which is Bullish pattern
Bitcoin Fear and Greed Index is 30
Breaking 20,000 support is not good for Alts manage your risk accordingly to support and resistance levels
Looking at 1 hour timeframe, Volume is low and BTC Hold support of EMA 10 Currently RSI is at 47.7
Bitcoin support levels - 20000$ and 19500$ strong Support
Bitcoin resistance - $20600 and 21000$ strong resistance
Market depends upon Bitcoin movement so trade carefully with risk management. We updated about btcusdt Bitcoin.
———————————————————————
Analysis -
Bitcoin price struggled to gain pace for a move above the $20,650 resistance. BTC reacted to the downside and traded below the $20,400 level after the fed rate hike of 0.75 bps.
The price declined below the $20,250 support level and traded close to the $20,000 level.
Bitcoin also forming a double bottom which is Bullish pattern
Bitcoin Fear and Greed Index is 30
Breaking 20,000 support is not good for Alts manage your risk accordingly to support and resistance levels
Looking at 1 hour timeframe, Volume is low and BTC Hold support of EMA 10 Currently RSI is at 47.7