#BTCUSDT Daily Chart

by David

Price is currently in an uptrend and is respecting the support line perfectly. It broke several previous major resistance levels the latest one being at $42,601. If this daily candle closes above this level my next longterm view on BTC is to reach the daily supply zone and $55,000. If price would reach this supply zone and no rejection is seen then we most probably will see BTC at new highs. For now, price is trading above the EMA ribbon and MACD is in a bullish territory, however there's a clear bearish divergence on RSI which lead us to conclude that price might retest a little bit before going back up.