Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded inside the range, where it at once rebounded from the buyer zone to the bottom part. After this, it turned around and rose back, and some time traded between 58000 level. Soon, the price broke this level, thereby exiting from the range and later entering the wedge, where it turned around from the resistance line and started to decline. In a short time, BTC declined to the buyer zone, where it reached the support line of the wedge. Then, the price started to grow from this line and rose from the buyer zone, but later it made a correction to the support line, after which turned around and continued to move up. Later BTC reached 62600 current support level, which coincided with the support zone and broke this level. Next, the price reached the resistance line of the wedge and then rebounded down. A not long time ago Bitcoin exited from the wedge and now trades inside the support zone. In my mind, BTC can decline to support zone and then start to move up. For this reason, I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀
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.
