Bitcoin Ready For $36000 ?
#BTC/USDT Technical Analysis
Bitcoin (BTC) is currently trading at $28,500, which is the top level of the past few months. The cryptocurrency has shown strong support at this level, indicating that there is buying interest from investors.
The resistance level has also been broken, and the cryptocurrency is currently trading above it. According to the principles of psychology, traders should sell above the resistance level and buy below the support level. However, due to the volatility of BTC, it is advisable to trade in the safe zone.
In my opinion, if Bitcoin holds the red box zone, there is a strong potential for the cryptocurrency to hit $36,000 within a few days. However, if the red box zone is broken and the support level is also breached, then investors should prepare for a drop to $24,000.
Investors must trade smartly and never gamble with hard-earned money. It is always recommended to conduct personal research before investing in any coins.
Support levels for BTC/USDT are at $27,500, $26,800, and $24,300, while the resistance level is at $29,500.
Disclaimer: This is not financial advice. Please consult a professional financial advisor before making any investment decisions.
Bitcoin (BTC) is currently trading at $28,500, which is the top level of the past few months. The cryptocurrency has shown strong support at this level, indicating that there is buying interest from investors.
The resistance level has also been broken, and the cryptocurrency is currently trading above it. According to the principles of psychology, traders should sell above the resistance level and buy below the support level. However, due to the volatility of BTC, it is advisable to trade in the safe zone.
In my opinion, if Bitcoin holds the red box zone, there is a strong potential for the cryptocurrency to hit $36,000 within a few days. However, if the red box zone is broken and the support level is also breached, then investors should prepare for a drop to $24,000.
Investors must trade smartly and never gamble with hard-earned money. It is always recommended to conduct personal research before investing in any coins.
Support levels for BTC/USDT are at $27,500, $26,800, and $24,300, while the resistance level is at $29,500.
Disclaimer: This is not financial advice. Please consult a professional financial advisor before making any investment decisions.
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