Hello traders!
BTCUSD is at the support of trendline and it is very close to the psychological support of 50K. A breakdown of 50K support can push the Bitcoin price to 42K. Which is not a good sign for usdt pairs. After forming Divergence bitcoin is still in a bearish trend.
BTC needs to break the short-term trend line to cross the 60K dollars. Today the bullish breakout level is at 55K.
For New entries, you should wait for the market to show a clear sign of bulls or bears.
Hit the like button to support the idea and follow to stay connected.
BTC Divergence
BTCUSD is at the support of trendline and it is very close to the psychological support of 50K. A breakdown of 50K support can push the Bitcoin price to 42K. Which is not a good sign for usdt pairs. After forming Divergence bitcoin is still in a bearish trend.
BTC needs to break the short-term trend line to cross the 60K dollars. Today the bullish breakout level is at 55K.
For New entries, you should wait for the market to show a clear sign of bulls or bears.
Hit the like button to support the idea and follow to stay connected.
BTC Divergence
