Crypto Club

BTC/USDT
Binance

Dear Crypto Club Patrons;

Greetings!

According to our previous Bitcoin analysis, #BTC started with an uptrend from 3400 support zone but unfortunatley did not reach 4500.

As we have seen earlier, 4200 is a strong resistance and #BTC touched this region for the second time and got rejected, followed by a 400 USD big red candle.

#BTC is currently being traded at 3800 region but does not seem to act as a strong support.

There are too many supports below 3800 region but in case we break below the above mentioned support, we can expect Bitcoin to fall down to 3450-3500 zone.

AND if Bulls support from there, the reverse will be strong and most probably we can expect #BTC to show some good movement in the next couple of months.

BUT if we don’t see a good interest in Bulls to support 3400, we expect even a bigger dump to the next support zone below.

Stop-Loss for the current movement @ 3750 (Subject to stabilization under this region) & then re-purchase at the base support.

Stop-Loss for the overall analysis @ 3400 (Subject to stabilization under this region)

Good Luck!!

Crypto Club TA Team.

#BTC
#Technical

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