Hello, traders welcome to another BTC/USDT chart update.
As I mentioned in my previous daily chart update that BTC was forming a well bullish divergence and can bounce any time.
As we can witness BTC performed extremely well last weekend, Here BTC followed the bullish divergence well and it pumped almost 6.5% from the lower trend line support.
So, what next?
According to the current scenario BTC needs to hold this price level and close above the price level of $30600 which is local support for now.
A candle close above the $30.6k will lead BTC to its next resistance level which is $32800. If BTC breaks this resistance above and closes then BTC will rally.
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 I mentioned in my previous daily chart update that BTC was forming a well bullish divergence and can bounce any time.
As we can witness BTC performed extremely well last weekend, Here BTC followed the bullish divergence well and it pumped almost 6.5% from the lower trend line support.
So, what next?
According to the current scenario BTC needs to hold this price level and close above the price level of $30600 which is local support for now.
A candle close above the $30.6k will lead BTC to its next resistance level which is $32800. If BTC breaks this resistance above and closes then BTC will rally.
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.
