Bitcoin can break resistance level and then continue to grow
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago entered to upward channel, where it soon broke the 64400 support level, which coincided with the support area. After this movement, BTC rose a little more and then made a correction to the support area, where later made a strong impulse up until to resistance level. When the price reached the 68200 level, which coincided with the seller zone, it at once turned around and in a short time declined to support line of the channel. Then price exited from the channel and fell to the support area, where it turned around and started to grow near the support line. Soon, the price rose to the resistance level again, but this time it broke this level and even rose a little higher than the seller zone, but a few moments ago BTC turned around and dropped to the support line, breaking the 68200 level one more time. Now, the price continues to trades near this line, so, in my opinion, BTC can make a small movement down, lower than the support line, and then bounce up to the resistance level and break it. After this, the price will make retest inside the seller zone and then continue to grow. For this reason, my 1st TP is resistance level, 2nd TP - is 70400 points. Please share this idea with your friends and click Boost 🚀
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