Bitcoin / TetherUS
Panjang

Bitcoin can correct to support line and continue grow in wedge

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Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades in an upward wedge, where BTC first rebounded from the resistance line, which coincided with the 42600 current support level, and made a strong downward impulse to support line, breaking 40300 support level, which coincided with buyer zone. But, after this, the price turned around from the support line of the wedge and in a short time rose higher than the 40300 level, breaking it again. Later Bitcoin rose to the current support level, which coincided with the support area, and some time traded near, but soon broke it and rose to the resistance line, after which BTC made a correction to the support line of the wedge. But a not long time ago, the price rebounded up from the support line and broke the 42600 level one more time and now the price continues to rise close to the support line. In my mind, Bitcoin can little correct to support line again, after which the price rebound and continue to move up inside an upward wedge. For this case, I set my target at the 44100 level. Please share this idea with your friends and click Boost 🚀

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