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BITCOIN - Price can break resistance level and continue to grow
Bitcoin / Tether
Long
BITCOIN - Price can break resistance level and continue to grow
By WalterMoon
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May 7
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May 7
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to falling channel, where it at once reached resistance level, and then continued to fall.
Later BTC rose to $64600 level again, after which made downward impulse, exiting from falling channel and breaking $59200 level.
Then price some time traded below $59200 level and soon reached and broke it, after which made retest.
After this movement, BTC continued to move up inside rising channel, where it made fake breakout of $64600 level.
Then price fell to support line of channel, but a not long time ago bounced and now continues to grow.
In my mind, Bitcoin can fall to support line of channel and then bounce up to $66100 points, 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
Support and Resistance
Trend Analysis
usdt
WalterMoon
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