Hello dear friends, it's great to see you all again for today's discussion on BTCUSDT.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
Currently, the price of bitcoin has attempted to rise above the resistance zone of $44,200 BTCUSD. However, the bearish side has been active around that area and continues to push the price down. If Bitcoin fails to break above the $44,200 resistance zone, it could continue to move downwards. Immediate support on the downside is near the $42,800 level.
The next major support is around $42,400. If there is a move below $42,400, there is a risk of further losses. In the mentioned case, the price could decline towards the $41,000 support level in the near term.
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BTCUSDT has fallen and completed the first indicator arrow target
