Bitcoin can rebound of support line to 31500 level
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how a few days ago the price bounced to the current support level, which coincide with the support area and started to decline inside the downward channel. In the channel, BTC declined to the next support level, which coincide with the buyer zone, later firstly it bounced to the resistance line of the channel and then fell below this zone to the support line. Next, the price bounced from the support line and made a strong impulse up to the current support level, thereby exiting from the channel and a few time later broke this level too. Also, a not long time ago price declined to the support line, where it continues to trade near now. In my mind Bitcoin can make corrections to support line and then start to rise, For this reason, I set my target at the 31500 level. 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.