#BTC/USDT WILL BREAKOUT RESISTANCE OR WILL FALL
Setting Up a Trade:- The price dipped near the lows of June at 17.5K, and that level of support held again with big volume. Two months after attempting to break above 20K, price is approaching the next major resistance level: 25K. A new bullish trend has emerged in the short-term.
Market trend Short-term uptrend, medium-term neutral, and long-term downtrend.
RSI is above 55 and MACD Line is above MACD Signal Line.
There is no difference in volume between Up and Down days for OBV. As a result, demand from buyers and supply from sellers are equal.
There is a 17.5K Support Zone and a 20.0K Resistance Zone. The nearest Resistance Zone is 20.0K, which it broke, then 25.0K – 26.0K, and 29.0K – 31.0K. Price dipped near June lows of 17.5K and that support level held again, with big volume. After two months of trying, price broke back above 20K key level as well and could approach the next major resistance: 25K. Short-Term trend has inflected bullish again.
Support and Resistance: Nearest Support Zone is 17.5K. The nearest Resistance Zone is 20.0K, which it broke, then 25.0K – 26.0K, and 29.0K – 31.0K.
Market trend Short-term uptrend, medium-term neutral, and long-term downtrend.
RSI is above 55 and MACD Line is above MACD Signal Line.
There is no difference in volume between Up and Down days for OBV. As a result, demand from buyers and supply from sellers are equal.
There is a 17.5K Support Zone and a 20.0K Resistance Zone. The nearest Resistance Zone is 20.0K, which it broke, then 25.0K – 26.0K, and 29.0K – 31.0K. Price dipped near June lows of 17.5K and that support level held again, with big volume. After two months of trying, price broke back above 20K key level as well and could approach the next major resistance: 25K. Short-Term trend has inflected bullish again.
Support and Resistance: Nearest Support Zone is 17.5K. The nearest Resistance Zone is 20.0K, which it broke, then 25.0K – 26.0K, and 29.0K – 31.0K.
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