Bitcoin / TetherUSShort
Bitcoin price in limbo
Hi guys, let's review the current situation for BTCUSDT on 4 hour price chart.
As I posted in my previous review, BTC price almost reached 25250 support level stopped at 25380 twice. The price in the correction mode now but I still expect that it will test 25250 support level sooner rather than later.
We also should note that BTC price almost didn't react on S&P500 price surge. Usually, it's not a good sign for cryptomarket since we can expect dump as soon as S&P500 price starts go down.
The main resistance at the moment is 26400 and if price manage to break it than we can expect some price surge up to 27300. But in my opinion price will test 25250 first and only after that it might go to 27300.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
As I posted in my previous review, BTC price almost reached 25250 support level stopped at 25380 twice. The price in the correction mode now but I still expect that it will test 25250 support level sooner rather than later.
We also should note that BTC price almost didn't react on S&P500 price surge. Usually, it's not a good sign for cryptomarket since we can expect dump as soon as S&P500 price starts go down.
The main resistance at the moment is 26400 and if price manage to break it than we can expect some price surge up to 27300. But in my opinion price will test 25250 first and only after that it might go to 27300.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
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