USDT.D Analysis (8H) - June 29 2024
During last week, the dump in BTC and the market, which was the result of Mt. Gox news, German Gov. selling BTC and war rumors, unfortunately caused USDT.D to cross above 5.11% level and market's bullish structure might have been affected, but there's still hope!
as it can be seen on the chart, USDT.D is currently in a critical zone: in order to see green days and nice pumps in Crypto again, two things must happen:
1- USDT.D breaking below the indicated trendline
2- USDT.D crossing below 4.70% zone
Otherwise, Crossing above 5.41% means BTC will drop below 56,500 low and there will probably be in intense sell pressure in the market and the possible targets for BTC shall be 50,000 zone and then 42,000 zone (the process of hitting 42,000 might take some 3-6 months to complete!)
As mentioned above, there's still hope but we need to be careful as well! #BTC #Bitcoin #Crypto
as it can be seen on the chart, USDT.D is currently in a critical zone: in order to see green days and nice pumps in Crypto again, two things must happen:
1- USDT.D breaking below the indicated trendline
2- USDT.D crossing below 4.70% zone
Otherwise, Crossing above 5.41% means BTC will drop below 56,500 low and there will probably be in intense sell pressure in the market and the possible targets for BTC shall be 50,000 zone and then 42,000 zone (the process of hitting 42,000 might take some 3-6 months to complete!)
As mentioned above, there's still hope but we need to be careful as well! #BTC #Bitcoin #Crypto
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