Dexter_The_Trader

BITCOIN: READY TO TEST $19K?

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello, amazing people. I hope your weekend is going great.

Here's a quick update on BTC's current price and the possible levels it could reach.

Timeframe: 4 hours.

Update: BTC recently got rejected from the resistance level of $22k. This rejection is quite disturbing for the market as we can see the possible drop level. If BTC continues to reject then $19.5k can possibly be the dropping level. For relief, we have slight support at $20.5k from where can expect BTC to bounce back.

Let us see how the market plays out. I will keep updating you guys so keep in touch.

Thank you.
Comment:

BTC is at the support level. A breakdown will possibly drop the price up to $19.5k. If bounces back then $21.5k is likely possible.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.