Bitcoin Market update
Bitcoin / Tether KUCOIN:BTCUSDT
Bitcoin has formed a double bottom , signifying a weakness in the bearish momentum. If #BTC breaks the upcoming resistance level of 47.5k-45.8k we could see a pump to $54k. However, if we get rejected from the resistance level which we have already tested once, we could see #Btc back down to support of $36k – 34.6k key levels. Wait for clear price action at the upcoming zone before taking a trade either ways. As of now #btc is bullish since it did not form a lower low on the daily.
