BTCUSDT has broken out of the uptrend channel and continues to rise strongly.
The price of bitcoin has started a new upward move around the resistance level of $36,800. BTC has accelerated to move clearly above the resistance level of $37,000 to venture further into positive territory.
It even climbed to a level of $38,000 before experiencing a downward correction to around $35,850. The next important resistance level could be around $37,500, above which the price could rise even higher. In the mentioned scenario, it could test the level of $38,000. Any further gains could potentially bring BTC to the level of $38,800.
Ultimately, Novaria's target is $40,000. What about you?