Bitcoin / Tether
Long
Updated

BITCOIN - Price can start to grow to resistance line of channel

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Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š

Some days ago price started to decline inside falling channel, where it some time traded near $104600 level and broke it.

Then, BTC declined to the $91000 level, after which it turned around and rose to the resistance line of the falling channel.

Price some time declined near this line and then exited from this channel and tried to grow, but failed.

After this Bitcoin continued to decline in another one falling channel, where it firstly rose to resistance line.

In this channel, BTC broke $91000 level and fell to support line, but recently it bounced and started to grow.

In my mind, Bitcoin can bounce from support line and rise to $90900 resistance line of falling channel.

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Trade active
Great. The price bounced from the channel's support line and started to grow. So, I expect that it may reach the resistance line of the falling channel, which coincides with the resistance level.
Trade closed: target reached
So, price almost reaches my target. That's great!

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