Long

Bitcoin can break resistance level and grow to top part of range

Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that price some time ago bounced up from the support line, which coincide with the current resistance level, and started to move up. Fristly price reached the 31000 resistance level, but soon rolled back to the support line and even made a fake breakout. Then BTC bounced up and rose higher of the seller zone, but in a short time declined to the 30000 current resistance level, thereby breaking past the resistance level, with a support line. After this movement, Bitcoin started to trades inside the range, where it some time tried to rise higher of the resistance leve, but failed and fell to the buyer zone. Also recently, BTC bounced up and now trades near the resistance level. In my mind, Bitcoin can rise to a resistance level and try to break it. After breakout, the price can make a retest or at once continue to move up without a retest. For this reason, I set up my target at the 30400 level, which coincides with the top part of the range. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

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