BTC/USDT – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 63200.000000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 61700.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 63380.77112 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 63200.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66076.120000000 |
| 2nd High | 64478.190000000 |
| Next High | 63200.000000000 |
| Current Price | 62524.090000000 |
| Next Low | 61700.000000000 |
| 2nd Low | 60753.970000000 |
| 3rd Low | 59828.110000000 |