The currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 61962.4 will persist.
Caution: A possible counter-trend in the direction of the support level at 60104 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65622.83 |
| 2nd High | 63239.06 |
| Next High | 61962.4 |
| Current Price | 61682.340000000 |
| Next Low | 60104 |
| 2nd Low | 59588 |
| 3rd Low | 58326 |
61121.78 – 61334 – 60536.55 – 60104 – 59588 – 58326 —
61415.000000000 – 61827.900000000 —
68.697690044515 – 64.809698182016 —
– —
61121.78 – 1782963000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –