Bitcoin / TetherUSShort
Bitcoin can break support area and continue to decline
Hello traders, I want share with you my opinion about Bitcoin. When we observe the chart, we can see how the price after reaching the mark 31000 it bounced and decreased. Bitcoin created a seller zone 30525-30840, which it retested and started a downward movement. We see how the price, after a deep upward correction and retest of the resistance line, continued to fall and broke through the support level 27825. Bitcoin continued to decline and after retesting support area 27245-26960, it increased and made a fake breakout of the current resistance level, after which continues to drop. Recently, the price retested the resistance line and rebounded. Bitcoin is currently trading below the resistance line and can continue its downward movement. The price can break through the support area and continue to fall. So I decided to set the target for Bitcoin at level 26750. 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.