BTCUSDT

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Hello all traders!

Today I will focus on the 1-hour chart of BTCUSDT, we can see that the price is currently trading around $58,460. But! there are signs that the price is moving within a clear bullish channel. If the price holds $58,000, I expect the price to rise first to $60,000 and even $60,500 to retest the previous support zone and 34.89 (EMA). After that, we can expect the BTCUSDT price to continue to fall down the price channel again and if that happens the possibility of a breakout will increase as the price has tested the lower price channel at least 4 times before.

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Bitcoin (Cryptocurrency)BTCUSDBTCUSDTbuyChart PatternsForexTechnical IndicatorsSELLsignalsTrend Analysis
Dominic_Bitcoin
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