#BTCUSDT Weekly Chart Analysis:
Based on the analysis of the BTCUSDT weekly chart, it has been observed that whenever the price reached the mentioned "ring" level in the past, a significant decline occurred. However, it is worth noting that the current price seems to be finding support at the ring level. If a proper breakout occurs, there is a potential for the price to reach the next ring level at 164k.
Based on the analysis of the BTCUSDT weekly chart, it has been observed that whenever the price reached the mentioned "ring" level in the past, a significant decline occurred. However, it is worth noting that the current price seems to be finding support at the ring level. If a proper breakout occurs, there is a potential for the price to reach the next ring level at 164k.
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As you see we heading toward our next resistance around $49.5k