BTC/USD 1D short-term analysis | another drop?
as we see BTC has pumped from 18500$ to today`s high (22500$), First of all why BTC has pumped? -First reason: TetherUS 4h bearish cup and handle pattern, -Second Reason: BTC has heated the old base which has created in 21 Dec '20 RBR(Rally Base Rally).
But the main question is: Bitcoin will continue this trend or not? BTC has lots of resistance in the higher price: one of them is this one: 22500 to 23500
which is not really powerful but actually there are some unfilled orders in this prz(Price Action Zone), Another resistance is this trend-line for Btc which started in 12 Nov '21.
But maybe BTC wants to react to this zone what is support for bitcoin? most near are 21500 to 22350 whatever this zone is swapped zone!
another one is 16200 to 19500 which is powerful support for BTC.
I myself expect a beautiful short position for BTC but we should wait for confirmation!
follow me if this post was useful!
But the main question is: Bitcoin will continue this trend or not? BTC has lots of resistance in the higher price: one of them is this one: 22500 to 23500
which is not really powerful but actually there are some unfilled orders in this prz(Price Action Zone), Another resistance is this trend-line for Btc which started in 12 Nov '21.
But maybe BTC wants to react to this zone what is support for bitcoin? most near are 21500 to 22350 whatever this zone is swapped zone!
another one is 16200 to 19500 which is powerful support for BTC.
I myself expect a beautiful short position for BTC but we should wait for confirmation!
follow me if this post was useful!
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