Hello dear friends, do you think BTCUSDT will increase or decrease?
The idea of increasing prices will be clearly stated by Karina today: Why?
On the analysis chart, the price is increasing and facing the resistance level of 38,000, so the immediate priority will be to sell to the support level of 31,900 USD - 32,000 USD. So, what happens after that?
At that support level, the price is performing a retest of the EMA. The 34 ema reversal signal is a good hope for the price increase so the bulls will once again stand up from that support area. The price increase target will be set at two Fibo milestones of 0.5 and 0.618, corresponding to a high level in the range of 42,000 - 48,500 USD.
The idea of increasing prices will be clearly stated by Karina today: Why?
On the analysis chart, the price is increasing and facing the resistance level of 38,000, so the immediate priority will be to sell to the support level of 31,900 USD - 32,000 USD. So, what happens after that?
At that support level, the price is performing a retest of the EMA. The 34 ema reversal signal is a good hope for the price increase so the bulls will once again stand up from that support area. The price increase target will be set at two Fibo milestones of 0.5 and 0.618, corresponding to a high level in the range of 42,000 - 48,500 USD.
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