Greetings! Bitcoin has broken through the $32,700 resistance level and is trying to gain a foothold above. At the moment, if the support holds, then we will go to the resistance level of $34,000 in order to break through. I drew a descending channel for Bitcoin. While it is being worked out. Therefore, I am more inclined that upon breaking through $34,000, the price will hit the area of $35,000 - $35,500 and go down. But you will need to look already in place. If the scenario changes back to a downtrend, then the price may go down by $27,500.
If you like my ideas, please click the "Like" button. I'll be glad. Have a nice day and let the profit be with you!
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.