Bitcoin / TetherUSShort
Bitcoin can break support level and fall to 29500
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price made a correction from the current support level, which coincides with the support area, but at a short time back up to the area. Next BTC bounced of the support area and fell again, later rose to the resistance line and made a downward impulse to next support level, which coincide with buyer zone. After these movements Bitcoin rose to resistance line and then bounced down below support level and buyer zone, thereby making fake breakout. But a not long time ago price made strong upward impulse higher of current support level and area, breaking past level and resistance line. Now BTC trades close support level and I think it can make a little movement up and then bounce down to support area, thereby breaking current support level. Then price can make retest, exited from area, and continue to fall. For this reason, I set my target at 29500 level. Please share this idea with your friends and click Boost 🚀
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.