BITCOIN - Price can continue to decline in a channel to $37500
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price entered to rising channel, where it first declined to $40500 support level, which is located in support area.
BTC some time traded near this area, after which it bounced and continued to rise to $45500 resistance level.
A short time later price broke this level, which coincided with resistance area, and rose to $48900 points.
Also, BTC exited from rising channel, and soon it made downward impulse below $45500 level, breaking it again.
After this, price started to decline in falling channel, where BTC recently broke $40500 level and fell to support line.
But soon price rose to resistance area and now I think Bitcoin can rise to resistance line and then fall to $37500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to rising channel, where it first declined to $40500 support level, which is located in support area.
BTC some time traded near this area, after which it bounced and continued to rise to $45500 resistance level.
A short time later price broke this level, which coincided with resistance area, and rose to $48900 points.
Also, BTC exited from rising channel, and soon it made downward impulse below $45500 level, breaking it again.
After this, price started to decline in falling channel, where BTC recently broke $40500 level and fell to support line.
But soon price rose to resistance area and now I think Bitcoin can rise to resistance line and then fall to $37500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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