BTC/USDT Chart Update !!
BTC/USDT price movement over some time from mid-2020 to early 2025.
Price Action: Prices have experienced significant fluctuations, forming a series of peaks and troughs. The recent price has been around 84,618 USDT.
Resistance Level: The highlighted area around 96,500 USDT indicates a potential resistance level that the price may struggle to break.
Technical Pattern: The chart suggests a “cup and handle” formation, indicating a potential bullish trend if the price breaks through the resistance.
Recent Decline: The current decline of around 12.09% suggests a correction or retracement may be in store after the recent rally.
It would be prudent to monitor market news and technical indicators for the latest updates to anticipate future price movements.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
Price Action: Prices have experienced significant fluctuations, forming a series of peaks and troughs. The recent price has been around 84,618 USDT.
Resistance Level: The highlighted area around 96,500 USDT indicates a potential resistance level that the price may struggle to break.
Technical Pattern: The chart suggests a “cup and handle” formation, indicating a potential bullish trend if the price breaks through the resistance.
Recent Decline: The current decline of around 12.09% suggests a correction or retracement may be in store after the recent rally.
It would be prudent to monitor market news and technical indicators for the latest updates to anticipate future price movements.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.