Bitcoin / Tether

BTC/USDT 1HInterval Chart

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Hello everyone, I invite you to review the BTC to USDT chart, on a one-hour interval. As you can see, the price remains above the upward trend line.

Using the Fib Retracement grid, we can see the support on which the price is based at $51,102, while the zone from $50,047 to $49,289 is still important.

Looking the other way, there is significant resistance at $51,964, followed by strong resistance at $52,810.

The RSI indicator shows a trend line under which we are staying, while the STOCH indicator shows room to try to increase the price, but also shows rapid declines.

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