Bitcoin can break resistance line and continue to rise
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price a few days ago made a strong upward impulse to the seller zone, which coincides with the resistance level, thereby breaking the support level. But, after this movement, BTC at once made a correction to the support level, which coincide with the support area. Next, the price tried to rise, and when Bitcoin reached the seller zone again, it rolled back to the support area. Later price bounced up from the support area again and even made a fake breakout of the resistance level. But after the price reached the resistance line, it started to decline and fell to the support area. But now BTC trades near the resistance line and I think Bitcoin can make a correction to the support area again, then start to rise to the resistance line. As well, the price can break this line, make retest, and continue to rise. For this case, I set my target at the 30750 level, and second possibly target is a resistance level of 31500. 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.