Last week we shared our analysis on BTT/USDT Price had started breaking the bearish lower low and lower high structure with a weekly candle closure above $0.0004165 with the next target at $0.0004821.
In a few short days, price achieved the latter level and rejected it on last week’s candle with a closure just under it. Currently, this week’s candle is above, if it closes at this state by the end of the week, then BTT/USDT is likely to continue its bullish rally towards $0.0006.
Conversely, if price fails to close a weekly candle above $0.0004821; PA could, in theory, drift back down towards $0.0004165.
Of course, we have to factor in the rest of the market’s current bullish momentum, which is currently communicating that $0.0006 is likely to be met in the near future.