Bitcoin / TetherUS
Long

After exiting from pennant, Bitcoin can continue grow to 44900

1 501
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the 41000 support level, which coincided with the buyer zone, it at once rebounded and made impulse up to the 43450 resistance level. Then BTC started to decline in a downward channel, where it in a short time declined back to the buyer zone. After this movement, the price reached the support line of the pennant and made a strong upward impulse until to resistance level again. When BTC reached the resistance level, it at once bounced below, correcting and after this, the price continued to rise to the resistance line of pennant. Also, the price broke the 43450 resistance level, which coincided with the seller zone, but when it reached the resistance line of the pennant, Bitcoin bounced and soon fell lower than this level. Price declined to support line and a not long time ago bounced up to resistance level and broke it again. At the moment, Bitcoin trades close to the resistance line of the pennant and I think that the price can, after exiting from this pattern, make a correction below and then continue to rise. Therefore I set my target at the 44900 level. Please share this idea with your friends and click Boost 🚀

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