#BTC/USDT ANALYSIS
BTC bounced from the horizontal support and tried to reclaim the horizontal resistance, which is the confirmation of a bullish rally.
After a nice bullish impulsive waves, BTC took a correction to balance the wave structure and now there are high chances of the continuation of the bullish waves.
BTC bounced from the horizontal support and tried to reclaim the horizontal resistance, which is the confirmation of a bullish rally.
After a nice bullish impulsive waves, BTC took a correction to balance the wave structure and now there are high chances of the continuation of the bullish waves.
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#BTC/USDT ANALYSIS
BTC hunted stops below the horizontal support and came back again into the range. A breakout of the descending trendline would confirm a move toward the horizontal resistance.
A more solid confirmation of a strong bullish rally would be a solid breakout of the horizontal resistance. In case of a sustained breakdown of the horizontal support, a further correction could be expected.
BTC hunted stops below the horizontal support and came back again into the range. A breakout of the descending trendline would confirm a move toward the horizontal resistance.
A more solid confirmation of a strong bullish rally would be a solid breakout of the horizontal resistance. In case of a sustained breakdown of the horizontal support, a further correction could be expected.
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#BTC/USDT ANALYSIS
BTC reclaimed its position above the crucial $26700 support level. It accumulated and also retested above it, demonstrating it to be a strong horizontal support for bulls.
The main resistance level for bulls to break out, where MA 200 is acting as resistance is $32658 for the confirmation of a strong bullish rally, until that, we might see sideways movement in between the marked zones.
BTC reclaimed its position above the crucial $26700 support level. It accumulated and also retested above it, demonstrating it to be a strong horizontal support for bulls.
The main resistance level for bulls to break out, where MA 200 is acting as resistance is $32658 for the confirmation of a strong bullish rally, until that, we might see sideways movement in between the marked zones.
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