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WalterMoon
Apr 17, 2024 10:42 AM

BITCOIN - Price can bounce from support level and start to rise 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

Some days ago price entered to pennant, where at once made an upward impulse to resistance area from support line.

After this movement, BTC turned around and in a short time declined to this line, making a fake breakout of $72750 level.

Soon, price exited from pennant and fell to support area, after which it turned around and started to grow in rising channel.

In this channel, Bitcoin rose to $72750 level again and then made a downward impulse to $61900 support level.

Also price exited from rising channel and now BTC still trading near support level and I think price can fall to it.

Then Bitcoin can turn around, after declining, and start to move up to $67000 level.

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
TheGrove
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Very well, keep going
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