FirstNameHelen

HelenP. I Bitcoin may leave channel and continue to fall

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you BITCOIN analytics. In the middle of last month, the price broke through the level of 25200, rose to the mark of 28900 and for a long time traded in the range. Over time, Bitcoin exit of the range, continued to grow and tried to break through resistance at the level of 30800, but not managed to gain a foothold higher and the price began to decline. Over a long period, the price has created a downward channel and is still trading inside. After re-testing the resistance of the channel, Bitcoin continued its downward local trend. The price dropped to support of the channel and tried to break through it, but it was not possible to fix below, and it bounced and increased. Inside the channel, Bitcoin formed a resistance zone 27440-27665, which it recently re-tested and continued to decline. The price is currently trading close to support of the channel and could continue to fall and break through it. It seems to me that Bitcoin may continue the local downtrend and leave the channel. Therefore, goals will be set at levels 25765, which corresponds to support of channel, and 25200. If you like my analytics you may support me with your like/comment ❤️

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