BTC next support around 35000 regions if it will break then next major support on 33400 regions BTC must bounce from that region if it will not possible BTC can't resist the selling pressure then BTC will break this region it will cause more powerful panic selling so we can see 31k even 29k easily
Here on the 1 hour time frame we see that BTC is in a Bullish channel and has got 3 rejections from the Support line. On the other hand the price is right at the previous Resistance turned into Support which is suggesting the price might go higher from this level. If the Pullback happens it must be around 37978.0
Death Cross plus Bearish Divergence seen along with decreasing volumes which means huge moves can be there in upcoming days on Bitcoin .
IF it breaks support near to 34.5 k the targets could be near to 28k .
NFA , DYOR.
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below...
BTC/USDT is forming an uptrend on the 4H time frame chart.
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