cryptod972

BTC USDT 3 Hour Chart Analysis

BITTREX:BTCUSDT   Bitcoin / Tether
After hitting a high at around $17,000 USDT on 1/6 and forming a double top pattern, $BTC has dipped to a low at around $13,300 USDT on 1/8, and has now appeared to form a double bottom at around the $14,100 USDT mark (1st Major Support). The dip can most likely be attributed to the recent removal of premium South Korean crypto prices from CoinMarketCap, and FUD created by the Chinese government, which may potentially ban Bitcoin             mining in the country. If the 1st Major Support cannot hold, I expect the $BTC price to dip further to the 2nd Major Resistance at around $12,100 USDT. RSI indicates we are in oversold territory.
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