LegionQ8

Bitcoin can rise almost to top part of range and then start fall

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago broke the 68100 resistance level, which coincided with the seller zone and even later rose higher this area. After this, BTC rose a little more, then turned around and started to decline in a downward channel, where it fell to the 68100 level, then rebounded up to the channel's resistance line. Then price at once rebounded and declined in a short time to support line of the channel, thereby breaking the 68100 resistance level and soon BTC exited from the downward channel also. After this, the price entered to range, where it first fell to the 61000 support level, which coincided with the buyer zone and bottom part of the range and then rebounded up. Price reached the top part of the range, after which it turned around and declined to the buyer zone again. After this movement, BTC some time traded near, and a not long time ago it rebounded up. At the moment, Bitcoin trades near the top part of the range and I think that the price can almost rise to this part and then start to decline to the support level. For this case, I set my target at the 61000 level. Please share this idea with your friends and click Boost 🚀

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