BTC/USDT 4HOUR UPDATE
Hello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC broke the 18.1K mark and 17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward 20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the 20.6K area.
A break above 17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC broke the 18.1K mark and 17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward 20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the 20.6K area.
A break above 17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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