Btc/usdt 1hour update
BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $42600 support but it dropped further down till $39600.
From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42250 resistance level.
Will BTC bounce back from here or is it just a temporary bounce to break further down?
Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish.
Thank you ...
BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $42600 support but it dropped further down till $39600.
From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42250 resistance level.
Will BTC bounce back from here or is it just a temporary bounce to break further down?
Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish.
Thank you ...
