BTC/USDT overview

Hey, traders

So let's get back to our Bitcoin. So after that massive dump which resulted the BTC coin to fall 20% and drain most of exchanges with withdraw request we see that last two days have been very calm....like calm before the storm.

Well in this case we see that this storm would be with positive outcome (Short-term) Where people would try to push the price towards $18500, where we would meet a resistance and EMA100&200 zones. If we fail to reclaim this zone then we should go for a turnover so what we would be waiting there would be the breaking our from this resistance line.

As it is FTX got dumped and they sold most of their assets and so did some other exchanges such as Crypto.com in order to main the stability on the exchange and withdraws so a lot of BTC was released to the market again which means that it is much easier to push the price with a nice pump(Which should happen this week)

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.