Short

BTCUSDT ready to break resistance and 55K or correction ahead ?

Updated

Price is currently receiving last sell pressure of 50K resistance zone and if it manages to break our resistance zones can easily continue pumping and reaching new highs too.

So now we are waiting for a breakout to the upside here or seeing some correction that is needed too.

Supports ahead:
A. 49300
B. 46300

Resistance ahead:
A. 53300
B. 55000

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Trade active

Price is receiving sell presure of resistance zone as mentioned

Note

Daily view and Elliott waves that formed and seems that it is now completed:

BTCUSD time to see a correction after that huge pump

Trade closed: target reached

Target A reached 49K touched

Trade closed: target reached

All short-term targets reached.

price even fall to 42K support zone (local support zone of daily charts)

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