Hello, members welcome to this BTC/USDT quick 1day chart analysis.
As in my previous chart I mentioned that BTC needs to hold the lower mid support level to stay in a bullish mode, now btc broke the $35k mark support level.
In the current scenario BTC moving down towards the lower support area which is $33k.
Here we should wait to witness BTC’s next move in the...
It is obvious that the prices of BTC have broken down. The real question is: Is this a retreat or an end?
I would rather do a review on this question.
This drop will not be the drop of the pattern I have shown below. Because the pattern seems to have completed its retraction.
If this is a harmonic pattern that pushes the measurement limits, its target will be at...
this is my idea for BTC in this situation , there is a dangerous area between 60K and 61K , so it's better to exit your position and wait for next move of Bitcoin , if break the 61K you can re enter your position on pullback and the targets are 68K and 74K
good luck
EMA 20 at 58775 is down sloping and RSI is in negative territory. if price sustains below EMA20 then retest of 50460 is possible. if bears can break 50460$ downward the price may drop to 43000$.
Conversely if bulls can make price break EMA20 and sustains above it then price may reach its all time high.
