Category: Tether (USDT)

BTC Bulls Breaking Out of the Downtrend Channel

BTC has successfully broken out of the downtrend channel by breaching (and closing above) the major downtrend line.
When these breakouts happen, usually the price retests the newly broken resistance to try it as a support.

Either it doesn’t hold, then it turns into a fakeout and price goes back to revisit the lows, or…
The new support holds, then it creates a …