Bitcoin (BTC) to USDT chart over the 1 day timeframe

Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over the 1-day timeframe. As you can see, the price is moving below the local downtrend line.

Let’s start with the designation of the support line as you can see the first support in the near future is $ 19,928, if the support breaks down, the next support is $ 18,461.

Now let’s move from the resistance line as you can see the first resistance is $ 20121 if you can break it the next resistance will be $ 20,619, $ 21,034, and $ 21,471.

Looking at the CHOP indicator, we can see that in the 1-day interval we have little energy and the MACD indicator shows a local downward trend.

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.