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WalterMoon
Apr 25, 2024 11:11 AM

BITCOIN - Price can fall almost to support level and bounce up Long

Bitcoin / TetherCoinbase

Description

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Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š

Recently price started to trades in wedge, where it at once made downward impulse from resistance line to $67100 level.

Soon, BTC broke this level, which coincided with resistance area, and fell to support area, after which bounced up.

Price almost rose to $67100 level, after which turned around and in a short time declined to support line of wedge.

But soon it bounced up and rose higher $61700 level, making fake breakout and continuing to grow to resistance line.

When BTC reached this line it bounced and declined to support line and even a not long time ago exited from wedge.

Now, I think Bitcoin can decline almost to support level and then bounce up to $66100

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
linofx1
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Possible scenario, thanks for sharing đź‘Ť
MyCryptoParadise
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Agree, let's see response the price on the target area.
Xanrox
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This is definitely a possible scenario, wait for a retest!
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