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Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over the 1 hour timeframe. As you can see, the price is moving above the local downtrend line.
https://www.youtube.com/watch?v=biO_MLc8oIg
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 19,992, if the support breaks down, the next support is $ 19,720, $ 19,577 and $ 19,432.
Now let’s move from the resistance line as you can see the first resistance is $ 20123, if you can break it the next resistance will be $ 20,254, $ 20,356 and $ 20,455.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and the MACD indicator shows a local upward trend.
Disclaimer: Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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