BTCUSD The street from 32480 to 48000!
The medium-term implications of BTC/USD confirm the presence of an upward trend. However, the short-term scenario indicates a depletion of positive strength upon testing the identified resistance at 37,397, with the first support seen at 35,909. Expectations are for a short-term negative extension towards the level of 35,335.
However, the price is anticipated to reach 33,250, where it could bounce back to continue towards 48,000. In the chart, I have highlighted the scenario I anticipate. After breaking the resistance level, the price is expected to rebound, supported by the upward channel in the weekly chart.
However, the price is anticipated to reach 33,250, where it could bounce back to continue towards 48,000. In the chart, I have highlighted the scenario I anticipate. After breaking the resistance level, the price is expected to rebound, supported by the upward channel in the weekly chart.
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