Bitcoin Current scenario bearish or Bullish..? must read IDEA

16 mag 2021

#BITCOIN currently Update:-

#BTCUSDT currently trading at $47800

Which is good support above $47816

Now the resistance is $48438
If this breakout then we can see upward targets otherwise we can see some more retracement and new Support is $46000 as per channel.

Every time Support and resistance are change so I also try to update BTCUSDT from time to time in the channel.


Now, what...?

Support:- $46000
If breakdown then again BTC in the bearish zone.

Resistance:- $48438
Above this resistance level only BTC bullish otherwise bearish.


Targets only activated if breakout upward $48500 and candle also close above this level.


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