BTCUSDT: Efforts to maintain recovery momentum
Hello dear traders!
Today BTCUSDT continues to achieve a significant recovery streak. The price is currently hovering around the level of 43,853 and is facing direct resistance at 44,100 USD.
There is an emerging uptrend line connecting with a support level near 43,100 USD on the hourly chart of the BTC/USD pair. The current price action and recent breakthroughs call for more profits.
On the upside, immediate resistance is near the 44,000 USD level. The first major resistance is forming near the 44,300 USD and 44,500 USD levels. Closing above the 44,500 USD resistance level could pave the way for a move towards 45,000 USD.
What are your thoughts on the next trend of BTCUSDT?
Today BTCUSDT continues to achieve a significant recovery streak. The price is currently hovering around the level of 43,853 and is facing direct resistance at 44,100 USD.
There is an emerging uptrend line connecting with a support level near 43,100 USD on the hourly chart of the BTC/USD pair. The current price action and recent breakthroughs call for more profits.
On the upside, immediate resistance is near the 44,000 USD level. The first major resistance is forming near the 44,300 USD and 44,500 USD levels. Closing above the 44,500 USD resistance level could pave the way for a move towards 45,000 USD.
What are your thoughts on the next trend of BTCUSDT?
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