Short

HelenP. I Bitcoin can break support level and fall to trend line

Updated

Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price rebounded from support 1, which coincided with the resistance zone, and in a short time declined to support 2. Soon, BTC broke this level, which coincided with the support zone, after which it declined to the trend line. Then the price turned around and quickly rose back to support 2, broke it one more time, and rose alsmot to support 1, after which fell back to support 2. Bitcoin some time traded near this level and later it rebounded up and started to grow near the trend line. Later price some time traded between this line and then made impulse up to the resistance zone, thereby breaking support 1. At the moment, the price continues to trades in the resistance area, so, I expect that Bitcoin will break the support level and continue to decline to the trend line. That's why I set my target at 63800 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️

Comment

Price still continues to trades inside resistance area, but I also continue to expect that BTC can break support level and fall to trend line

Comment

BTC didn't fall to trend line, it made a little correction below and then made impulse up, after which it corrected to the support level. Later it rebounded and now I expect that BTC will make a correction movement to support level again.

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