Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTC is trading inside a symmetrical triangle pattern.
It is currently bouncing from the lower trendline of the triangle. Also, there is a 21ma support. If BTC breaks out from this triangle and breaks above the $45k resistance level then we are heading towards the $49k-$50k level.
If in any case, BTC breaks down from the triangle then we have two major supports where we expect a bounce. First support is at $41,800 and our next support is around $38k-$39k level.
As of now, I'm just waiting for a breakout or breakdown then we will decide where BTC is heading.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. BTC is trading inside a symmetrical triangle pattern.
It is currently bouncing from the lower trendline of the triangle. Also, there is a 21ma support. If BTC breaks out from this triangle and breaks above the $45k resistance level then we are heading towards the $49k-$50k level.
If in any case, BTC breaks down from the triangle then we have two major supports where we expect a bounce. First support is at $41,800 and our next support is around $38k-$39k level.
As of now, I'm just waiting for a breakout or breakdown then we will decide where BTC is heading.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
