

The Bitcoin /TetherUS 4-hour chart reveals potential bullish momentum emerging.
Recent candlestick patterns indicate a possible breakout, ushering renewed buying interest.
MACD analysis corroborates the bullish trend, supported by significant volume spikes.
The recent large bullish candlestick indicates a potential breakout from the previous sideways trend.
A possible bullish engulfing pattern is forming, suggesting renewed buying interest.
The overall short-term trend appears to be shifting towards bullish as recent price action shows an upward movement breaking past previous peaks.
A bullish crossover is evident as the MACD line moves above the Signal line, indicating increasing bullish momentum.
The histogram shows expansion, reinforcing the bullish momentum and suggesting a potential continuation of the upward move.
Currently, there is no significant divergence between MACD and price, supporting the current bullish narrative.
There is a noticeable spike in volume accompanying the recent price rise, which supports the strength of the breakout.
The increase in volume alongside the price rise suggests institutional buying and confirms the validity of the upward move.
The volume analysis aligns with the potential for sustained bullish movement.
Key support is around 88,500, where the price consolidated before the recent breakout.
The next significant resistance is near 90,000, where price actions could face psychological resistance.
Watch for sustained movement above these levels to confirm the direction.
Potential entry points could be near current levels or on a slight pullback to around 88,500 with a stop-loss slightly below this support.
Confirm continued volume on up moves and maintain above the 89,000 level for assurance of bullish strength.
Consider taking partial profits nearing 90,000 resistance or on signs of bearish reversal patterns.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.