BTC/USDT Forecast: Since BTC has broke the trendline timeframe (H4), the BTC/USDT is expected to continuously drop as per last week’s analysis. Nevertheless, seller’s momentum is still increasing the price.
Based on our analysis, BTC/USDT will reach 7100.00 – 7044.49 before making a retracement to the resistance level at 8003.00 – 8073.88 (12.67%).
Therefore, it is expected that BTC/USDT will continue dropping till the weekly support level at 6000.01 – 5131.30 as mentioned in the previous analysis last week.
Consequently, it creates an opportunity for buyers to purchase with best price and eventually get a return up to 12.67%.
Entry Level : ( Buy at Support || Sell at Resistance )
Minor Support : (7100.00 – 7044.49)
Resistance Zone : (8003.00 – 8073.88)
Next Support Zone : (6000.01 – 5131.30)
Risk Warning : Cryptocurrency investment is subjected to high risk market . All the analysis given is for the purpose of opinion only, it is not required to follow all the analysis. Techcryption is not responsible for any direct, indirect or consequential losses as a result of trading competition. Please make your investment with caution.
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