#BTC/USDT ANALYSIS
BTC bounced after hunting stops below the local support but couldn't able to break the horizontal resistance and was again dismissed from that point.
It is trading in a narrow zone from $16,450 to $16,650, which is showing uncertainty in the market, and the direction is not clear yet.
A successful breakout of the mid-range would confirm an upward move in the market, while a solid breakdown of the local support would be an indication of further correction in the market.
