Bitcoin can continue to rise and reach current resistance level
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price after retesting the support area 27150-26850 began to rise. The price broke through the level 27825, rose impulsely and made a fake breakout the resistance level 29815, after which it began to decline. Bitcoin made a deep upward correction, retested the resistance level, and continued to decline. Over time, the price created a downward wedge in which it traded for a very long time. We see that Bitcoin broke through support level 27825 and, after a small correction and retest, the resistance line of the wedge continued to decline. The price broke through support area 27150-26850, fell to the support line of wedge, made a fake breakdown, bounced and started to rise. Not long ago, Bitcoin left the downward wedge and, after retesting the current support line, continued to move up. Currently, the price has made a downward correction, re-tested the support area, and bounced. I think Bitcoin can continue to grow and reach the current resistance level. So, I decided to set the target at the level 27825. 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.