Short

Bitcoin can make correction to support line in downward channel

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how a few days ago price bounced from the support line, which coincide with the support area to the resistance line but soon started to decline. Price declined below the area to the support line and at once rose back to the resistance line. After this, the price fell to the support line again and then bounced up and made a strong upward impulse to higher of current support level, thereby breaking the 26300 level and support area. Also then Bitcoin continue to rise to the resistance line, breaking the 30300 level too and later it started to fall in a downward channel. At the moment price trades close resistance line inside the channel and I think that BTC can bounce of this line and fall to the support level. Then price can break this level and maybe can make retest. After retesting, Bitcoin can continue to move down to the support line. For this case, I set up my targets at the 30300 level and 29450. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

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