LegionQ8

After retest support level Bitcoin can continue to rise

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing Bitcoin, we can see how it formed a symmetrical triangle, in which it traded for a short time. The price broke through the resistance line, exit the triangle and continued to rise. Bitcoin reached the level 30965, from which it bounced and began to fall. Over time, the price has created a downward channel and is now trading in the within. After re-testing the channel support line, the price increased and, after a small correction, rose to the resistance line, tested it, bounce back and continued to fall. Subsequently, Bitcoin dropped to the support line of the channel and made a fake breakout, after which it returned and traded above the current support level 26115 for a while. Not so long ago, the price dropped and tested the current support level. Bitcoin is currently trading above the support level and can continue to rise after a retest. I think the price can continue upward move and rose to the resistance line of the channel. In this case, I decided to set the targets at level 27000 and at level 28600, which coincide with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀

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