Bitcoin symmetrical triangle pattern
We have a symmetrical triangle pattern, there is a big support at $31,300, the price dropped yesterday to $28,800 to quickly rebound from the descending trap to break the $31,300 and $33,200 resistance.
If Bitcoin cannot break the $34,700 resistance to go back to test the previous support at $33,200 and may test the $31,300 as well, as it is the testing area for the downtrend, if it can hold in this area and not break the $31,300 we can see an upward movement towards those targets $34,700 - $36,300 - $37,600 - $39,200 - $40,800.
NOT A FINANCIAL ADVICE.
DYOR.
If Bitcoin cannot break the $34,700 resistance to go back to test the previous support at $33,200 and may test the $31,300 as well, as it is the testing area for the downtrend, if it can hold in this area and not break the $31,300 we can see an upward movement towards those targets $34,700 - $36,300 - $37,600 - $39,200 - $40,800.
NOT A FINANCIAL ADVICE.
DYOR.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.