🚨$BTW USDT: Bulls Are Back But Can They Break $2.20?
BTW is making a strong comeback, trading around $2.1045 with a 23.83% gain in 24 hours. After dropping toward the $1.60 area, buyers stepped back in and pushed price higher, bringing bullish momentum back into focus on the 4-hour chart.
The key battle is now between $2.12–$2.20 resistance and the support zone around $1.85–$1.90. Price has recovered above the 7-period moving average near $1.88 and is trading around the 99-period moving average near $1.76, showing that buyers have regained short-term control. However, the 25-period moving average near $2.13 remains overhead resistance, making this a critical test for the rally.
A sustained breakout above $2.20 could open the door toward $2.43, with the previous peak around $2.75 as the larger upside target. If buyers fail to overcome resistance, a pullback toward $1.90 or even $1.60 remains possible. After such a sharp rally, volatility can increase quickly.
My view: BTW has bullish momentum, but $2.20 is the level to watch. A clean break could extend the rally; rejection could bring sellers back into control.
Do you think BTW can break $2.20 and move toward $2.75, or is another correction coming first?
BTW is making a strong comeback, trading around $2.1045 with a 23.83% gain in 24 hours. After dropping toward the $1.60 area, buyers stepped back in and pushed price higher, bringing bullish momentum back into focus on the 4-hour chart.
The key battle is now between $2.12–$2.20 resistance and the support zone around $1.85–$1.90. Price has recovered above the 7-period moving average near $1.88 and is trading around the 99-period moving average near $1.76, showing that buyers have regained short-term control. However, the 25-period moving average near $2.13 remains overhead resistance, making this a critical test for the rally.
A sustained breakout above $2.20 could open the door toward $2.43, with the previous peak around $2.75 as the larger upside target. If buyers fail to overcome resistance, a pullback toward $1.90 or even $1.60 remains possible. After such a sharp rally, volatility can increase quickly.
My view: BTW has bullish momentum, but $2.20 is the level to watch. A clean break could extend the rally; rejection could bring sellers back into control.
Do you think BTW can break $2.20 and move toward $2.75, or is another correction coming first?
