BTCUSDT ! Strong support and rising trend lines. What's next? 🤖

12 Ağu 2022

BITCOINis in an ascending price channel. But an interesting situation is forming on the chart at the same time: a false breakout and pullback to the support zone to the local price channel.
At this point there are two trend lines MA

On the chart I marked two expected scenarios: formation of a break-up and correction.

Breakout upwards is a priority! The price is in an uptrend. a local uptrend channel is formed and we have strong support!

But cryptocurrency market is unpredictable and at the moment the growth of cryptocurrency market is not proved by anything, local price sitting is possible and as below 23500, 22650, 22400 are strong liquidity zones, anything can happen.

Regards R. Linda!