BTC fights resistance at $ 44,750
Bitcoin / TetherUS BINANCE:BTCUSDT
Hello everyone, let’s take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, price is moving above the local uptrend line.
Let’s start by drawing the resistance line, as you can see, the first resistance is $ 44,750 which BTC is currently struggling with, the next one is $ 47,991 and $ 52,125.
Now let’s move to the support line and as you can see the first support is $ 43,684, another $ 42,315, $ 41,322.
Looking at the CHOP indicator , we can see that we still have some energy in the 1 hour interval.
