Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin After finding support at the 50-day moving average of around the price started a steady increase, aiming to cross the $30K area for the second time. However, bitcoin failed to overcome this important resistance area, resulting in a slight decline.
Nevertheless, BTC price is currently consolidating within a tight range of the 50-day moving average at $28K and $30K.
A breakout beyond the $30K area would significantly impact market sentiment, as it is a key psychological resistance. Conversely, a drop below the 50-day moving average could result in volatility and consolidation in the lower price ranges.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Bitcoin After finding support at the 50-day moving average of around the price started a steady increase, aiming to cross the $30K area for the second time. However, bitcoin failed to overcome this important resistance area, resulting in a slight decline.
Nevertheless, BTC price is currently consolidating within a tight range of the 50-day moving average at $28K and $30K.
A breakout beyond the $30K area would significantly impact market sentiment, as it is a key psychological resistance. Conversely, a drop below the 50-day moving average could result in volatility and consolidation in the lower price ranges.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
