Bitcoin / TetherUS
Panjang

Bitcoin tested support line and can continue to rise

2569
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how after the formation of the resistance area 29565, the price began to decline. Bitcoin subsequently broke through level 28260 and, after a small correction and retest, the current resistance level fell and formed a support area 26130-25815 from which it bounced and rose. The price entered the range and traded in the within for some time. Bitcoin then left the range, made a fake breakout support line, retested the support area, and continued to move up. The price rose to the resistance level 28260, retested it and made a deep correction to the support line. After a retest of the support line, the price rose and traded higher for some time. Not so long ago, the price made a downward correction and again tested the support line. Bitcoin is currently trading at level which coincide support line and can continue to grow. I think the price can continue upward move, so I set the targets at level 27515 and at level 28260. Please share this idea with your friends and click Boost on TradingView, link below 🚀

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