BTC Currently Have Horizontal And Trendline Resistance At $4 | Crypto freaks på Binance Square

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BTC Currently Have Horizontal And Trendline Resistance At $43200 - $43500 Area.

Lets See It Able To Break This Resistance Or Get Rejected From Here.

Keep An Eye On $43200 - $43500 Area👀

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After touching the major support at 40,000, BTC is now trading near 41,800. It's hard to determine if the downtrend has ended. There's a significant resistance zone from 42,700 to 43,500, and another from 43,200 to 43,900. If these big resistances break with volume, BTC has a chance to reach the 44,000 to 44,700 zone, facing another significant resistance before heading towards 46,000 to 47,000. If the support is broken, it could lead to a drop towards 38,000, then 35,000, and finally 33,000. The market structure is currently bearish, but on a lower timeframe, it seems to be turning bullish. The price is also building liquidity below the support, which could lead to a market sweep soon. It's advisable to wait for further price development.

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#Bitcoin is bouncing back from the demand zone of $40k. As I mentioned, as long as $40k holds, we are in good shape. It is important to see how the weekly close will be. For now, BTC can most likely make an attempt to breach the $44k resistance level. #BTC #MANTA #Launchpool

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