Bitcoin can exit from pennant and then continue to fall

22 mar

Hello traders, I want share with you my opinion about Bitcoin. If we look at the chart, we can see how the price a no long time ago and started to trades in the range, where it rebounded from the resistance level, which coincided with the resistance area, and the bottom part of the range, started to rise to the top part. After BTC reached the top part of the range, it turned around and started to decline in a downward pennant, where soon BTC fell to the resistance area, but at once backed up to range, making a fake breakout of the 68000 level. A short time later price finally broke the 68000 resistance level, thereby exiting from the range and declining lower than resistance area, but then it tried to back and failed. Bitcoin declined to support line of pennant, after which it at once rebounded and rose to the resistance line. After this movement, the price turned around and soon declined to support line of the pennant, which continues to trades near. In my mind, Bitcoin can exit from the pennant and continue to decline. So, that's why I set my target at the 61100 level. Please share this idea with your friends and click Boost 🚀