December 8, 2022

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

Let’s start by setting the support line and as you can see the first support in the near future is $ 19255if the support collapses, the next support is $ 19119$ 19,002 and $ 18894.

Now let’s move from the resistance line as you can see that the first resistance is $ 19,312if you can break it, the next resistance will be $ 19492$ 19681 and $ 19,947.

Looking at the CHOP indicator, we can see that at the 4-hour interval we have a lot of energy and the MACD indicator is showing a local bullish trend.

Disclaimer: Technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily, and is not intended to be used as legal, tax, investment or financial advice.

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