BTCUSDT $42.8k W#6 Update Feb05 2024:Consolidation Continues
BTCUSDT $42845 Weekly Update #6 Feb05 2024: Consolidation Continues
Price continues to consolidate above the 40ks support. Its been 2months of consolidation so far, from Dec04 to Feb05.
The Weekly 21ema continues to move up, and it is now at $38300, slightly below the last Month's low of 38500.
The main pivot resistance remains 57-58k if price breaks out above the 49-50k resistance.
Main support remains the W21ema. And bulls will still need to keep the body candle above the W21ema.
Price continues to consolidate above the 40ks support. Its been 2months of consolidation so far, from Dec04 to Feb05.
The Weekly 21ema continues to move up, and it is now at $38300, slightly below the last Month's low of 38500.
The main pivot resistance remains 57-58k if price breaks out above the 49-50k resistance.
Main support remains the W21ema. And bulls will still need to keep the body candle above the W21ema.
