Hello traders, welcome to today's BTC update in a daily timeframe.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
BTC did well in a lower timeframe yesterday but if we zoom out the same chart in the higher timeframe, we can notice that BTC is under a decisive point. The yellow dotted line is acting as a strong resistance for BTC. From this point, if BTC breaks out then $19k is the target but if it gets rejected then $16.5k to $15.5k could be the dropping level.
BTC can take turns in any direction from here so stay extra cautious.
I hope this update is helpful for you all. Trade safely.
