Weekly Support & Resistance Zones for BTCUSDT on Binance (02/17)

17 בפבר׳ 2020

BTCUSDT bounced off the 9705 support area on February 11 after making a retracement on the previous day. The pair was then stalling for the next 3 days and it could not manage to close above the high (10370) of the candlestick formed on October 26 last year. It seems a new minor resistance is formed at 10370 area. The pair then retraced back to the 9705 support area on February 15 and at one point was trading below the support level on the next day before it managed to close above it. BTCUSDT is currently struggling at this pivot area and whether it will close above or below the 9705 level, will determine the direction it will be heading.