Bitcoin (BTC) to USDT chart over the 1 day time frame on 24/09/2022

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Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over the 1 day time frame. As you can see, the price is close to exiting the current downtrend channel.

Let’s start by determining the support that the price has in the event of a further correction, and as you can see, we have a support zone from $ 18,979 to $ 18,123 in front of us.

Now let’s move from the resistance line, as you can see, the first resistance is $ 19,222, if you can break it, the next resistance will be $ 19,899, the third resistance at $ 20,462 and the fourth resistance at $ 21,003.

 

Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used and the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the upward trend shift.

Disclaimer: Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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