BTC/USDT 4HOUR CHART ANALIYSIS !!
#BTC/USDT Analysis
Bitcoin is currently at a critical juncture within an ascending triangle pattern. The price is facing resistance at the horizontal level but is supported by the Ichimoku cloud, suggesting the potential for a bounce.
Resistance: $58,000, $59,200, $60,800
Support: $56,900, $55,800 – $56,200, $54,600, $52,940
Look for a sustained move above $58,000 with high volumes.
Bearish Confirmation: A drop below $56,900 would indicate the possibility of further downside.
Traders should monitor the price action closely for a breakout or breakdown to determine the next significant move.
Stay alert for high-volume moves and confirmation signals to anticipate BTC's future direction.1
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bitcoin is currently at a critical juncture within an ascending triangle pattern. The price is facing resistance at the horizontal level but is supported by the Ichimoku cloud, suggesting the potential for a bounce.
Resistance: $58,000, $59,200, $60,800
Support: $56,900, $55,800 – $56,200, $54,600, $52,940
Look for a sustained move above $58,000 with high volumes.
Bearish Confirmation: A drop below $56,900 would indicate the possibility of further downside.
Traders should monitor the price action closely for a breakout or breakdown to determine the next significant move.
Stay alert for high-volume moves and confirmation signals to anticipate BTC's future direction.1
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
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