Bitcoin can continue move up and break resistance line
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price bounce back from support level, continued to rise, and broke through the resistance area 28550-28770. For a long time, Bitcoin traded above the current support area, after which it changed direction and began a downward movement. After making a deep correction and retesting the resistance line, the price continued to decline and broke through the current support area. Having reached the support level 27200, the price entered a small range. After a while, Bitcoin began to grow, left the range, formed an upward impulse, and made a big fake breaout of the resistance line. Not so long ago, the price after retesting the resistance line dropped to the current support zone. Bitcoin bounced off the support area and is now trading higher. I think the price can continue upward movement and break through the resistance line. After a possible breakdown, Bitcoin can continue to rise, so I set the targets at level 29350, which coincide with the resistance line, and at level 29990. 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.