The market sentiments have turned bullish for BTCUSDT as the levels are inching close to $100K. With almost all the BTCs in profit, this could be just a psychological barrier that may strike some of the traders who could extract some profits. This does not mean the bears may outperform the bulls, as the BTC price rally has just started.
The historical pattern suggests there could be no hindrance until $100K or levels slightly above this. However, after the sellers get exhausted, the rally could revamp with a strong upswing and breach through the ascending resistance line. This move could attract massive volume. Otherwise, a failure may compel the price to maintian an ascending consolidation along the trend line.
Therefore, be ready for a volatile weekend ahead!
The historical pattern suggests there could be no hindrance until $100K or levels slightly above this. However, after the sellers get exhausted, the rally could revamp with a strong upswing and breach through the ascending resistance line. This move could attract massive volume. Otherwise, a failure may compel the price to maintian an ascending consolidation along the trend line.
Therefore, be ready for a volatile weekend ahead!
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