Bitcoin can make correction to support line and then bounce up
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that a few days ago price bounced from the support line and made a strong impulse up to the seller zone, thereby breaking two resistance levels. But soon the price made the correction and some time traded below this area, near the current support level. Later BTC bounced to the seller zone again, which coincided with the resistance line, and at once fall below the support level to the support line, making a fake breakout and at once backing up to the resistance line. At the moment price trades near this line and I think BTC can make a correction to the support line again and then bounce up to the resistance line and try to break it. If the price breaks this line, Bitcoin can make a retest and continue to move up. Therefore I set up my target at the 31400 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.