The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 69241.5 will continue.
Caution: A possible trend reversal in the direction of the support line at 67294.11 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71126 |
| 2nd High | 70126.67 |
| Next High | 69241.5 |
| Current Price | 68107.810000000 |
| Next Low | 67294.11 |
| 2nd Low | 66002.98 |
| 3rd Low | 65118 |
69241.5 – 70126.67 – 69137.5 – 67294.11 – 68143.22 – 66002.98 —
68480.000000000 – 67935.730000000 —
48.034941673003 – 40.039061201591 —
– —
69241.5 – 1771293600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –