BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!
Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- the rejection from the 48K resistance zone extended, with the price breaking below the lower boundary of the ascending flag, indicating the presence of sellers. However, after a strong breakout, a retracement towards the flag’s lower boundary is underway, potentially completing a pullback. If it happens, the retrace could pave the way for the continuation of Bitcoin’s downward movement in the short term, targeting the static support range of 39K.
Bitcoin’s mid-term prospects suggest consolidation within the critical price range bounded by the substantial resistance zone at 48K and the decisive support at 39K. Nonetheless, a successful breakout from this zone will shed light on the cryptocurrency’s next impulsive trend.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- the rejection from the 48K resistance zone extended, with the price breaking below the lower boundary of the ascending flag, indicating the presence of sellers. However, after a strong breakout, a retracement towards the flag’s lower boundary is underway, potentially completing a pullback. If it happens, the retrace could pave the way for the continuation of Bitcoin’s downward movement in the short term, targeting the static support range of 39K.
Bitcoin’s mid-term prospects suggest consolidation within the critical price range bounded by the substantial resistance zone at 48K and the decisive support at 39K. Nonetheless, a successful breakout from this zone will shed light on the cryptocurrency’s next impulsive trend.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
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