Bitcoin can start to grow to resistance line of upward channel

11 wrzHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price not long ago declined in a downward channel, where it dropped from the resistance line to the seller zone, which coincided with the resistance level. Then the price bounced up and tried to grow, but soon continued to fall. In a short time, BTC declined below the 57900 level, but later turned around and rose to the resistance line of the channel, after which it reversed and fell to the support line of the downward channel. Then the price rose to the 57900 level and even entered the seller zone, after which it dropped to the support level, exiting the downward channel, and soon broke the 54800 level, falling even lower. But after this, Bitcoin turned around and started to grow inside the upward channel, quickly rising to the 54800 level, which coincided with the buyer zone, and broke it again. Next, the price rose to the resistance level of the channel, after which it rolled down. So, in my opinion, BTC can decline a little more and then start to move up to the resistance line of the upward channel, thereby breaking the resistance level. In this case, I set my TP at 59000 points, which coincides with this line. Please share this idea with your friends and click Boost 🚀

12 wrz

Zlecenie aktywne

Very well! BTC grew to a resistance level and even broke it. Now I think it can make small correction movement and then continue to move up next.

13 wrz

Zlecenie aktywne

Price continues to trades near the 57900 support level, so, I think that BTC can make a small movement to this level and then continue to move up to the resistance line(60000) of the channel: