Bitcoin / TetherUSUpdated Stable transactions wait for the opportunity to increase prices
Hello, Karina's amazing friends! After BTCUSDT surged quickly from $28,000 and surpassed the psychological barrier at $30,000, it is currently trading around $34,325 this week, maintaining a sideways trend.
As we can see, after the strong upward momentum, the price has somewhat calmed down while trading within a narrow range. The price is now testing the 34 EMA line, and a breakout from the current trend could potentially push BTCUSDT to a new high at $35,000 and continue further development. This is known as a flag pattern (bullish).
As we can see, after the strong upward momentum, the price has somewhat calmed down while trading within a narrow range. The price is now testing the 34 EMA line, and a breakout from the current trend could potentially push BTCUSDT to a new high at $35,000 and continue further development. This is known as a flag pattern (bullish).
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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.