TradingView
Vestinda
May 18, 2023 10:06 AM

Bitcoin BTCUSDT Price analysis (1h) 

Bitcoin / TetherUSBinance

Description

Hello dear TradingView community!

We're here with an update on the fresh Bitcoin chart. After experiencing a pullback near the 26500 level yesterday, we're now back in the resistance zone around 27500. This level is crucial for a breakout to sustain the upward momentum.



If we can successfully break above 27500, we might see Bitcoin's price quickly reaching levels of 27800 and 28200. However, it's important to keep in mind that Bitcoin is still trading within a tight range, and there is a high possibility of a move down towards 26900.

As always, it's essential to closely monitor Bitcoin's price action and be prepared for potential market fluctuations. Stay tuned for further updates!
More