--------------------------------------------------------------- Description --------------------------------------------------------------- The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the recent price action has shown signs of consolidation, indicating a potential period of indecision before the next significant move.
- The overall trend since the 2022 low has been bullish - The horizontal resistance level has acted as a significant barrier in the past. A sustained break above this level could signal a continuation of the uptrend. - The recent price action suggests a potential period of consolidation before the next directional move. - The RSI (Relative Strength Index) at the bottom of the chart is reading 64.52, suggesting moderate bullish momentum without being extremely overbought. - We can see a series of higher lows and higher highs, indicating a bullish market structure. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas.