BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-The 18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum.
The market has likely entered a new consolidation range as the price dropped significantly. Nevertheless, during this phase, the price might retest the 18K level and the broken trendline in the form of a pullback and then continue the bearish trend toward the $11.600 level.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-The 18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum.
The market has likely entered a new consolidation range as the price dropped significantly. Nevertheless, during this phase, the price might retest the 18K level and the broken trendline in the form of a pullback and then continue the bearish trend toward the $11.600 level.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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