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BITCOIN - Price can bounce from support line and start to grow
Bitcoin / Tether
Long
BITCOIN - Price can bounce from support line and start to grow
By WalterMoon
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Jul 30
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Jul 30
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it at once broke $69500 level and continued to fall.
In a short time later, price reached $59000 level and then bounced up to resistance line of channel.
After this, BTC turned around and fell to support line of channel, breaking $59000 level, after which turned around.
Price exited from falling channel and started to grow another one channel, where it soon broke $59000 level again.
Later Bitcoin reached $69500 resistance level, but a not long time ago turned around and started to fall to support line of channel.
Possibly, price can fall to support line and then bounce up to $72000, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin (Cryptocurrency)
BTC
BTCUSDT
Parallel Channel
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