Hi everyone
Possible routes of movement BTC
Bitcoin is currently trading below $ 43,000
A major downtrend line is also forming with resistance around $ 43,000
The cows are trying to defend $ 40,802 to $ 44,327
On the other hand, an immediate resistance near the level of $ 42,800 is in their way
The first major resistance is close to the $ 43,000 level
Closing the price above the $ 43,000 level could lead to a new increase
However, a sharp break above $ 45,000 could lead to a key change in the short-term trend of the currency.
If Bitcoin fails to break the $ 43,000 resistance zone, it may continue to decline
The first support in this downtrend is close to the level of $ 42,200
Closing the price below the $ 42,000 support level could push the price to the $ 40,800 area
Any further reduction could increase the selling pressure to move below the $ 40,000 level
Which scenario do you think will work?
Thank you
Possible routes of movement BTC
Bitcoin is currently trading below $ 43,000
A major downtrend line is also forming with resistance around $ 43,000
The cows are trying to defend $ 40,802 to $ 44,327
On the other hand, an immediate resistance near the level of $ 42,800 is in their way
The first major resistance is close to the $ 43,000 level
Closing the price above the $ 43,000 level could lead to a new increase
However, a sharp break above $ 45,000 could lead to a key change in the short-term trend of the currency.
If Bitcoin fails to break the $ 43,000 resistance zone, it may continue to decline
The first support in this downtrend is close to the level of $ 42,200
Closing the price below the $ 42,000 support level could push the price to the $ 40,800 area
Any further reduction could increase the selling pressure to move below the $ 40,000 level
Which scenario do you think will work?
Thank you