BTC/USDT 1-Hour Price Analysis (Source – TradingView)
Looking at the Bitcoin 1-Hour chart, the analysis shows that Bitcoin has been trading above the 200-day MA and the 50-day MA. It means that we are now experiencing an introduction to the bull reign. And the 50-day MA is over the 200-day and the distance between the two moving averages is wide, which are good signs for a bull run.
The resistance of BTC lies at $17550.46 and $17597.18, while the support is at the previous strong low,…
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