Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USDT update. BTC looks good in LTF. In my previous BTC update, I told you that 40.5k is an important support level and so far BTC holding that support and bounced.
Now let's get to the chart.
BTC is breaking out from a descending channel in 2hr time frame. It also made a bull flag-like structure inside the descending channel where the bull flag is already broken out.
So far BTC looks strong and I'm expecting it to reach 45k-46K resistance soon.
Invalidation level:- If BTC again breaks and closes below 40.5k then this chart becomes invalid.
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Thank You!
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BTC after the perfect retest now ready to test 45k Send it to 45k
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BTC looks fine still moving in sideways. After the breakout right now it looks like a retest. BTC must hold and bounce from the $41,900 level otherwise we might see more drop. I'm expecting some bounce from here. Remember with these consolidations, we are getting close to breakout day by day. Soon we will see a big move in BTC. You just need to be patient and accumulate more and more Alt coins.