Bitcoin / TetherUS
Panjang

HelenP. I Bitcoin can continue rise to resistance level

850
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price a not long time ago rose to the resistance zone, which coincide with the 31000 resistance level, but soon it rebounded down to the 30000 current resistance level. After this movement, BTC made a strong impulse up to the trend line, but when it reached this line, the price started to decline. First Bitcoin fell to the 30000 current resistance level, some time traded near this level, and then continue to decline to the 29000 support level, which coincide with the support zone, thereby breaking the 30000 level. Later price rebounded from the support level and rose to the trend line, but after this, it in a short time fell back. Also recently, BTC rebounded from the 29000 support level again and made impulse up to the 30000 resistance level, thereby breaking the trend line. And now it trades near this level and I think that Bitcoin can fall a little more and then bounce up to the resistance level and try to break it. After the breakout, the price can make a retest, or it at once continues to rise without a retest. For this reason, I set up two targets, the first target at the - 30000 resistance level, and the second at - 30500. If you like my analytics you may support me with your like/comment ❤️

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