BTC/USDT 4HOUR UPDATE !!
Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-the 4-hour timeframe, it is evident that the price has fully recovered from the FTX crash and reached its prior major daily pivot at 21.5K. Major pivots are crucial levels in classic price action patterns, and moving above them could be a bullish sign of an uptrend.
Meanwhile, the price has formed a double-top reversal pattern, a well-known bearish signal, and if it gets rejected, a leg down will be possible. Hence, considering the importance of this region, the upcoming price action should decide Bitcoin’s path in the mid-term.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
I have tried to bring the best possible result in this chart.
Chart Analysis:-the 4-hour timeframe, it is evident that the price has fully recovered from the FTX crash and reached its prior major daily pivot at 21.5K. Major pivots are crucial levels in classic price action patterns, and moving above them could be a bullish sign of an uptrend.
Meanwhile, the price has formed a double-top reversal pattern, a well-known bearish signal, and if it gets rejected, a leg down will be possible. Hence, considering the importance of this region, the upcoming price action should decide Bitcoin’s path in the mid-term.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
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