BTCUSDT Technical Analysis
2024-11-11

Currently, BTCUSDT is trading around 81,113 USDT, with a slight bullish bias. On the chart, we can see the 34-day (purple line) and 89-day (orange line) exponential moving averages (EMAs), which act as dynamic support for the price. The price zone between 79,000 and 80,000 is marked as a strong support zone, where the price is likely to retest (pullback) before bouncing up.

If the price stays above this support zone and the 34-day EMA continues to hold, BTC is likely to recover and resume the uptrend, heading towards higher resistance levels around 82,000 – 83,000.