Bitcoin / TetherUS
Panjang

Bitcoin can break resistance level and continue to grow

1214
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that price after price bounced from the current support level, it rose to seller zone, after which bounced down and started to decline. Firstly price fell to current support level, but soon broke it too and declined lower, to the 2610 support level, which coincides with support area. Next, price some time traded between current support level and support area, until BTC made a fake breakout and entered to falling channel, in which price declined even below support area. After this, price bounced up, and made a strong upward impulse to resistance level, exiting from downward channel and breaking current support level. Now Bitcoin trades near resistance level and I think it can make a little movement down and then bounce up to resistance level and maybe BTC try to break it. Possibly, price break this level, make retest, or at once continues to rise without retest. Therefore I set my target at 29800 level. Please share this idea with your friends and click Boost 🚀

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