HelenP. I Bitcoin can continue to decline to $50K points
Hi folks today I'm prepared for you Bitcoin analytics. Some time ago price entered to consolidation, where it at once rebounded from resistance 1, which coincided with the resistance zone, and started to grow to resistance 2, which is the top part of the range. After the price reached this part, it little declined and some time traded near, after which backed up to resistance 2 and started to decline near the trend line. Bitcoin in a short time declined to resistance 1 and made a fake breakout, after which turned around and rebounded up, thereby breaking the trend line. But soon, the price turned around and made a strong impulse down, thereby exiting from consolidation and breaking resistance 1 with the trend line again. Just now, BTC continues to decline, so, I expect that BTCUSDT will make a small movement up to the trend line, but not reach it, after which turn around and continue to decline. Therefore I set my goal at 50000 points. If you like my analytics you may support me with your like/comment ❤️
Disclaimer
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.