BTC/USDT overview

2022年8月17日

BTC Overview

The market continues to show weak and low volatility/volume on the Bitcoin which is not good sign for it. As right now we are sitting at $23750 which is working as a small support zone but we see how weak it is so there are chances that is could break down and go for a search for better support zone such as $22700 zone.

Of course we could see a big volume and if that would lead to reaching 25K zone and breaking it then our next stop would be at 28K-29K. According to current Bitcoin state, we are going lower and we think that it will soon form some kind of trading range before the final breakdown of the $24.750 resistance.

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.