BTCUSDT has finally managed to move up the very important daily support it broke a few days earlier. Now it is trading above that level and very likely to close above that level. I would expect the price to aim for the daily resistance 1 zone around 22380 with a bit of pullback.
Trade closed: target reached
The price hit daily resistance and experienced a bit of pullback there. However, it is continuing its journey further and smashing all the resistances on its way. This shows the powerful momentum the price action has. I do not know towards which resistance it is charging. I have to delete all the ones it has smashed on its way and check for the current existing ones. I will update and share a new analysis accordingly. Till then enjoy this beautiful price action of BTCUSDT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.