The BTC/USDT 5-minute chart shows a descending channel nearing completion, signaling a bullish breakout. RSI at 37 indicates oversold conditions, supporting a rebound. The price is consolidating above key support at $98,588. A breakout targets $100,638, with strong upward momentum expected. Bollinger Bands show tightening, suggesting a volatility surge. Volume is steady, indicating potential accumulation for a strong upward move. This setup highlights a promising short-term bullish opportunity.
The USDT.D chart indicates a sharp decline, suggesting reduced dominance of stablecoins. This typically correlates with capital flowing back into Bitcoin and altcoins. On the BTC/USDT chart, a bullish flag is visible on the 5-minute timeframe, signaling upward momentum. RSI supports recovery, and the next target is $100,638.01. Bitcoin is poised for a significant pump if USDT.D continues its downward trend.
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Trade Details:
Entry: Around 98589.44 ( Join my Binance live for premium crypto signals )
1st Tp:99625.91
2nd Tp: 100627.94
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