#BTC/USDT WILL BREAKOUT RESISTANCE OR WILL FALL
Setting Up a Trade:- The price dipped near the lows of June at $17.5K, and that level of support held again with big volume. Two months after attempting to break above $20K, price is approaching the next major resistance level: $25K. A new bullish trend has emerged in the short-term.
Market trend Short-term uptrend, medium-term neutral, and long-term downtrend.
RSI is above 55 and MACD Line is above MACD Signal Line.
There is no difference in volume between Up and Down days for OBV. As a result, demand from buyers and supply from sellers are equal.
There is a $17.5K Support Zone and a $20.0K Resistance Zone. The nearest Resistance Zone is $20.0K, which it broke, then $25.0K – $26.0K, and $29.0K – $31.0K. Price dipped near June lows of $17.5K and that support level held again, with big volume. After two months of trying, price broke back above $20K key level as well and could approach the next major resistance: $25K. Short-Term trend has inflected bullish again.
Support and Resistance: Nearest Support Zone is $17.5K. The nearest Resistance Zone is $20.0K, which it broke, then $25.0K – $26.0K, and $29.0K – $31.0K.
Market trend Short-term uptrend, medium-term neutral, and long-term downtrend.
RSI is above 55 and MACD Line is above MACD Signal Line.
There is no difference in volume between Up and Down days for OBV. As a result, demand from buyers and supply from sellers are equal.
There is a $17.5K Support Zone and a $20.0K Resistance Zone. The nearest Resistance Zone is $20.0K, which it broke, then $25.0K – $26.0K, and $29.0K – $31.0K. Price dipped near June lows of $17.5K and that support level held again, with big volume. After two months of trying, price broke back above $20K key level as well and could approach the next major resistance: $25K. Short-Term trend has inflected bullish again.
Support and Resistance: Nearest Support Zone is $17.5K. The nearest Resistance Zone is $20.0K, which it broke, then $25.0K – $26.0K, and $29.0K – $31.0K.