BTC/USDT 4HOUR CHART UPDATE !!
Bitcoin (BTC) Short Update
Bitcoin has been trading within a rising channel, bouncing off key support levels and moving towards potential resistance zones.
As of the latest update, BTC/USDT is trading around $69,226.
The key support levels to watch are at $68,162 (immediate support) and the 100-day moving average is around $65,000.
The major resistance levels are at $70,000 and $73,449, with the latter being a significant hurdle for the bulls.
Bitcoin's price has shown a strong bullish trend after finding significant buying pressure around the 100-day MA. This has led to a rebound towards the $ 67K-70K range.
The price is currently moving within a rising channel, and a breakout above the 70K mark could see BTC testing the next resistance at $73,449.
The 21 MA currently supports around $66,793.19, suggesting a bullish sentiment if the price remains above this level.
It indicates bullish strength, with potential for further upside if the price is maintained above key support levels.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bitcoin has been trading within a rising channel, bouncing off key support levels and moving towards potential resistance zones.
As of the latest update, BTC/USDT is trading around $69,226.
The key support levels to watch are at $68,162 (immediate support) and the 100-day moving average is around $65,000.
The major resistance levels are at $70,000 and $73,449, with the latter being a significant hurdle for the bulls.
Bitcoin's price has shown a strong bullish trend after finding significant buying pressure around the 100-day MA. This has led to a rebound towards the $ 67K-70K range.
The price is currently moving within a rising channel, and a breakout above the 70K mark could see BTC testing the next resistance at $73,449.
The 21 MA currently supports around $66,793.19, suggesting a bullish sentiment if the price remains above this level.
It indicates bullish strength, with potential for further upside if the price is maintained above key support levels.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
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