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BTCUSDTBTCUSDT. Bitcoin is in a very tricky place right now. It will be taking some rejection due to the 200MA but if the candle closes above the 200KA there will be a reversal. The great news is that BTC Dominance is increasing sharply. This means that the rally for the new all time high will begin shortly
BTCUSDT BTCUSDT has given all time high of 1,23,200$ and now consolidate at 1,19,000 price but as we can see it's forming bearish flag pattern with target of 1,13,900$ , However we also gave CME gap at the same price (1,13,900$). After filling CME gap we can see further upside move towards 1,50,000$.
btcusdBTCUSD is the ticker symbol for Bitcoin and the United States dollar exchange rate. BTCUSD is a cryptocurrency CFD because of the presence of Bitcoin as the base currency. Cryptocurrencies are known for their immense volatility, while the US dollar is by far the most traded fiat currency globally.
BTCUSDBTCUSD is trading in a range between 49147 and 47267 .
There are three key levels of support to watch for. The first one is 42139 , which is a short-term support that could offer a bounce. The second one is 35767 , which is a mid-term support that could act as a floor. The third one is 33492 , which is a long-term support that could be a strong buy zone.
For intraday traders , selling at the current price of 47327 and targeting the support levels could be a good strategy.
For buyers, waiting for the price to reach the support levels could be a better option. Be careful of the upcoming US news, as they could affect BTCUSD significantly.