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Bitcoin trading in small downtrend now

Long

Bitcoin / U.S. Dollar (BITFINEX:BTCUSD)

BITFINEX:BTCUSD Bitcoin / U.S. Dollar

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I think price can hit support level (10800.0) and start growing. In my opinion BTC can reach resistance level (11400.0).

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Comments

good plan <3 great

FAMILY2025

@FAMILY2025, thanks for comment

FAMILY2025

@FAMILY2025, try to do my best

I suspect we could see another test around 10.5K/10.6K (the area the wick on the 28th hit) before more upside, but maybe not. Would be a great buy area if we did see another quick wick there. There is strong support there as can be seen in the editor's pick chart below (see the top yellow line of the ascending price channel) and it would present a great risk:reward setup for a long entry! My upside resistance is about $10,200, but the downside daily support I too have strong at 10.8K. Thanks for sharing!

https://www.tradingview.com/chart/BTCUSD/y4qCu3BM-BTC-USD-Broke-Through-Ascending-Price-Channel-Target-11-5K/#tc3979158

CryptoGuru369

@CryptoGuru369, thanks for sharing your idea )

CryptoGuru369

@CryptoGuru369, always welcome, mate)