Bitcoin can fall little more, then it turn around and start rise

Jan 14, 2024

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it reached the 35800 support level, which coincided with the buyer zone and soon broke it. Price continued to rise in the channel and in a short time later rose until to 40500 current support level. Then BTC broke this level, thereby exiting from the channel and at once entering to range, where it soon rose to the top part, but later made a correction to the support area. After this, Bitcoin repeated this movement again and then made an upward impulse higher than the 44800 resistance level, which coincided with the seller zone, thereby exiting from the range. But the price at once made a strong correction movement below this level, after which BTC at the short time rose back and grew to 48900 points. And then, the price made a strong downward impulse again, and now the price trades below the resistance level. In my opinion, Bitcoin can decline a little more, like to the 41500 points, and then the price will rebound up to the seller zone, thereby breaking the resistance level. For this case, I set my target at the 45500 seller zone. Please share this idea with your friends and click Boost 🚀

Jan 15, 2024

Note

BTC almost declined to 41500 points and then turned around, how I thought. Now, Bitcoin can move up to the seller zone.