BTC/USDT(4hr); Resistance of $39,000
As you know, Bitcoin has faced a strong resistance after the price increase from the bottom of the channel from $ 29,000 to $ 39,000.
On January 21 and June 2021, Bitcoin could not overcome this resistance and experienced a price reduction of up to $ 28,000. This means that the price may not be attractive to buyers and cause a reduction in price.
Also, if the price stabilizes above $ 39,000, we will face resistance from the midline of the channel, which may reduce the price from 46 to the next support, which is probably $ 42,000.
Thank you for your attention.
On January 21 and June 2021, Bitcoin could not overcome this resistance and experienced a price reduction of up to $ 28,000. This means that the price may not be attractive to buyers and cause a reduction in price.
Also, if the price stabilizes above $ 39,000, we will face resistance from the midline of the channel, which may reduce the price from 46 to the next support, which is probably $ 42,000.
Thank you for your attention.
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