BTC USDT
BTC 
BTCUSDT.P
Bitcoin is trading close to a key resistance level around $60,840. The price appears to have rejected this resistance zone, and there’s a potential bearish setup as indicated by the red zone above the current price. The Ichimoku cloud and the EMA lines (20, 50, 100, 200) are closely aligned, suggesting the market is in a consolidation phase, with slight bearish momentum due to the recent rejection.
The volume is relatively low, which might indicate that the current downtrend could lack strength unless volume picks up. If the price fails to break above the $60,840 resistance and remains below, there could be further downside potential towards the $59,200 support area. However, a break above this resistance could invalidate the bearish outlook, leading to a potential move towards $61,520 or higher.
BTCUSDT.PBitcoin is trading close to a key resistance level around $60,840. The price appears to have rejected this resistance zone, and there’s a potential bearish setup as indicated by the red zone above the current price. The Ichimoku cloud and the EMA lines (20, 50, 100, 200) are closely aligned, suggesting the market is in a consolidation phase, with slight bearish momentum due to the recent rejection.
The volume is relatively low, which might indicate that the current downtrend could lack strength unless volume picks up. If the price fails to break above the $60,840 resistance and remains below, there could be further downside potential towards the $59,200 support area. However, a break above this resistance could invalidate the bearish outlook, leading to a potential move towards $61,520 or higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.