According to the analysis made last week, the BTC/USDT pair has started to rise on the price chart. Technically, the rise of price is due to the rejection at the support level of 7100.00 – 7044.49 that occurred last Wednesday.
As mentioned previously, BTC’s rise in the price this week is something temporary. BTC/USDT is expected to have a retracement to test the resistance level at 8003.00 – 8073.88 before dropping to its weekly support level of 6000.01 – 5131.30.
Due to the increase of BTC price, the value of other coins opposed to USDT had eventually started rising in price. Therefore, this is expected to be the right time to buy other coins that are opposed to USDT.
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