MMBTtrader

BTCUSDT is retesting broken trendline, more fall or breakout

BINANCE:BTCUSDT   Bitcoin / TetherUS
The price is now near the first local resistance zone that is really important and we have two possible scenarios here:
A. Retest breakout and more fall:the green trendline was strong support for bitcoin that broke and now it can easily become resistance and then local correction like the red arrow.

B. Breaking this local resistance: or like green arrow breaking this local resistance here and pump easily to targets like:
A. 46250$
B. 47700$

Notice: if the price starts to see some correction here like the red arrow, still bitcoin has more possibility to continue pumping and soon breaking these resistances too. (wait for update then)

DISCLAIMER: ((trade based on your own decision ))
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Trade closed: target reached: Red arrow completed


Next support zone is 42K that we may have some rise and pump

But as we said price is retesting breakout and may fall more
Trade closed: target reached: 40K support is touching (First support on the chart)

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