Bitcoin / TetherUS
Singkat

Bitcoin can exit from pennant, make retest, and continue fall

514
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago price declined to the support line, thereby breaking the 35900 support level, which coincided with the buyer zone. Soon price rebounded and rose to the resistance line, breaking the 37500 resistance level, but when BTC reached this line, it started to decline and fell back. After this, started to rise near the support line, and in a short time it rose to the resistance level again, but this time it at once rebounded and fell to the buyer zone, breaking the support line. Then Bitcoin entered to pennant, where it firstly rebounded from the support line and made a strong impulse up higher than the 37500 level, which coincided with the seller zone. Price reached the resistance line of pennant and a not long time ago bounced down below resistance level, breaking it again. At the moment BTC trades near the support line and possibly price can break the support line, thereby exiting from the pennant, making a retest, or at once continuing to decline to the support level. For this case, I set up my target at this level - 35900. Please share this idea with your friends and click Boost 🚀

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