The pair Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 81708.32 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 80135 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candle pattern is discovered. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 82850 |
| Next High | 81708.32 |
| Current Price | 81040.540000000 |
| Next Low | 80135 |
| 2nd Low | 79181.48 |
| 3rd Low | 78202 |
80666.66 – 80371.23 – 81708.32 – 80135 – 79181.48 – 79500 —
80391.180000000 – 80833.330000000 —
55.306464071656 – 71.937417390906 —
– —
80666.66 – 1778299200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –