BITCOIN - Price can continue to decline inside falling channel
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to decline inside falling channel, where it at once broke $69800 level, which coincided with resistance area.
Then price some time traded near this level and later made correction movement to $66200 level, after which backed up.
Later BTC bounced down from $69800 level and fell to support line of channel, breaking $66200 level.
But then, it rose to this level and some time traded between $66200 level, after which broke it again and fell below.
A not long time ago BTC turned around and rose to $66200 resistance level, where now it continues to trades near.
Possible, Bitcoin can reach resistance line of falling channel and then continue to fall to $63800
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to decline inside falling channel, where it at once broke $69800 level, which coincided with resistance area.
Then price some time traded near this level and later made correction movement to $66200 level, after which backed up.
Later BTC bounced down from $69800 level and fell to support line of channel, breaking $66200 level.
But then, it rose to this level and some time traded between $66200 level, after which broke it again and fell below.
A not long time ago BTC turned around and rose to $66200 resistance level, where now it continues to trades near.
Possible, Bitcoin can reach resistance line of falling channel and then continue to fall to $63800
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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