Hello, community members welcome to another BTC/USDT chart update.
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As I mentioned in my previous chart BTC moved downside by 23%.
Now BTC heading towards the lower support level of 18k-19k which is also a previous ATH.
Now BTC is almost 19% above the crucial support level.
Many things have been changed now, BTC never retested its previous ATH now it's almost there to retest its previous high.
BTC also following the lower trend line support and which is also Connecting at the price range between 18k - 19k.
A quick bounce is likely in the upcoming days after a sharp wick-off at the price level of 18k.
A bounce from the support level can lead BTC again to print a new high, a candle close below the lower support will drop down BTC to a price level of 12k.
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.
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