The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 96043 is expected.
Caution: A possible counter-trend in the direction of the support level at 92155 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Bullish Belt Hold’ candlestick pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 94317.840000000 |
| Next Low | 92155 |
| 2nd Low | 90863.47 |
| 3rd Low | 88459.96 |
93388 – 89120.01 – 88088.1 – 92155 – 90863.47 – 88459.96 — 59.830448480396 – 70.451261086364 — 57.651804893383 – 58.233352543616 – 76.87307305982 – 65.796964775327
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –