The currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 65618.49 will persist.
Caution: A possible change in the direction of resistance at 73913.74 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ” indicator layout is detected. The indicator is ”. which is often a bearish chart signal. The pair is likely to go down.
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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 71580.49992 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 73913.74 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 74050 |
| Next High | 73913.74 |
| Current Price | 73231.800000000 |
| Next Low | 65618.49 |
| 2nd Low | 63030 |
| 3rd Low | 62510.28 |
73913.74 – 71777 – 74050 – 65618.49 – 63030 – 62510.28 —
71253.170000000 – 74330.340000000 —
56.848433530203 – 71.502648271015 —
– —
73913.74 – 1773403200