HelenP. I Bitcoin may grow to trend line and then drop to $82200
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Hi folks today I'm prepared for you Bitcoin analytics. Looking at the chart, we can observe how Bitcoin made a strong upward impulse, reaching the trend line and breaking through the resistance level that aligned with the resistance zone. After that move, the price began to decline within a wedge pattern and soon dropped below the same resistance level, effectively breaking it again. BTC then attempted to recover, climbing back up, but the growth was short-lived — the price failed to hold and fell toward the support level, eventually breaking below it and even dipping under the resistance once more. Following this drop, Bitcoin reversed and gained momentum. Shortly after, it broke through the 82200 level, successfully retested it, and continued moving higher. Later on, the price reached the trend line again — a level that also acted as resistance — but failed to break above and started pulling back from that area. At this point, I anticipate that BTCUSDT may retest the trend line once more before making a move downward toward the support level, potentially breaking out of the wedge pattern. For now, my goal is the 82200 support level. If you like my analytics you may support me with your like/comment ❤️
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🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3
❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.