BTC-USDT (Sep 27, 2021)
On the Daily Time Frame, BTC has formed a Head & Shoulder Pattern with the neckline present at ~44.3K.
While it has broken down from the trendline, the further movement would largely depend on whether the price would continue its downward journey or it may also exhibit a breakdown failure at the current levels.
While it has formed indecision candles for the past 2 days, BTC is currently trading near the neckline zone. BTC has formed a Bullish Engulfing candle on Sep 22 while it has formed a Bullish Doji candle yesterday. BTC is currently signaling signs of strength at the current levels being depicted by these candles.
The support to the lower side is present at
41K while BTC may face resistance at the levels of 45K followed by 
48K respectively.
While it has broken down from the trendline, the further movement would largely depend on whether the price would continue its downward journey or it may also exhibit a breakdown failure at the current levels.
While it has formed indecision candles for the past 2 days, BTC is currently trading near the neckline zone. BTC has formed a Bullish Engulfing candle on Sep 22 while it has formed a Bullish Doji candle yesterday. BTC is currently signaling signs of strength at the current levels being depicted by these candles.
The support to the lower side is present at
41K while BTC may face resistance at the levels of 45K followed by 48K respectively.
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