BTC/USDT (Testing 50D MA Support)

💎Technical Analysis Summary💎



BTC/USDT


-Bitcoin broke its minor support at 54k dollars from my previous post
-The price touches the 50D MA dynamic support again since January 27
-if history repeats itself, BTC might retest the trendline resistance
-But if the Bears can maintain its current momentum
-I think we will have to watch the 45k major support in the coming days
-This downside correction will print another -12% move
-And will cause deeper correction for most Altcoins
-Please be careful, make sure you have proper risk management in times like this



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