December 9, 2022


Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over a 4-day time frame. As you can see, the price is moving above the local uptrend line.

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 19,255If the support is broken, the next support is $ 19,119$ 19,002 and $ 18,894.

Now let’s move to the resistance line because as you can see the first resistance is $ 19,312If you can break it then the next resistance is $ 19,492$ 19,681 and $ 19,947.

Looking at the CHOP indicator, we can see that we have a lot of strength in the 4-hour time frame and the MACD indicator shows a local uptrend.

Disclaimer: Technical analysis is provided by a third party, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment or financial advice.





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