Hello, traders welcome to another BTC/USDT chart update.
As we can observe from the above-mentioned chart that BTC performed extremely well and recovered almost 5% from the current low of $29300 which BTC printed earlier after losing almost 10%.
In the current scenario, BTC faces the local resistance zone which BTC needs to cross above to rally towards the price level of $32k.
Break to this resistance will lead BTC to its crucial resistance level and rejection will lead BTC again to its lower price level of $28k - $29k.
here RSI also moving upside down with an average level of volume bars.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can observe from the above-mentioned chart that BTC performed extremely well and recovered almost 5% from the current low of $29300 which BTC printed earlier after losing almost 10%.
In the current scenario, BTC faces the local resistance zone which BTC needs to cross above to rally towards the price level of $32k.
Break to this resistance will lead BTC to its crucial resistance level and rejection will lead BTC again to its lower price level of $28k - $29k.
here RSI also moving upside down with an average level of volume bars.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
