💎 BTC/USDT - Bullish or Bearish ? (READ THE CAPTION)

By checking the Bitcoin chart in the 4-hour time frame, we can see that based on the previous analysis, the price grew up to the range of $42,200, and then faced a heavy fall and corrected up to $38,500! After that, the price started to grow again and now it has entered an important range of supply in the $42500 zone! If the price stabilizes below this supply range , we will probably see a further drop in Bitcoin! The second (Bullish) scenario becomes valid if the price penetrates above $43,500 and stabilizes, in this case, Bitcoin will reach higher levels such as $45,500, $45,900 and $46,790!

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Best Regards , Arman Shaban

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Comment:

By examining the Bitcoin chart in the 4-hour time frame, we can see that Bitcoin, after its correction up to $41,600, was again accompanied by price growth and was able to grow up to $43,800! After collecting liquidity above this level, we saw that the price has been corrected again and it is currently trading in the range of $42,500! We have to see if the price can maintain the support of this range or we have to see more correction of Bitcoin! Today's news can affect cryptocurrencies! If the price penetrates and stabilizes above $43,500, then we will see bitcoin grow to higher levels such as $45,500, $45,900 and $46,790!