Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we see how the price declined for a while, break through the level 28275, and continued to fall. After a small correction and a retest of the current resistance level, the price continued to move down. Bitcoin reached the level 26125, where it formed a support area from which it bounced and rose. The price entered a range where it was traded for a long time. Subsequently, the price left the range, went down, retested the support area, and continued to rise. Having reached the level of resistance, Bitcoin make a fake breakthrough, after which it began to decline. The price made a deep correction, retested the support line and bounced. Bitcoin has continued to move up and is now trading above the support line. I think the price can continue upward and rise to the resistance level. So, I decided to set the targets for Bitcoin at level 27750 and at level 28275. Please share this idea with your friends and click Boost 🚀
Interesting analysis! It's notable how Bitcoin experienced a decline, broke through the 28275 level, and continued to fall. The subsequent bounce from the support area and the range-bound trading are intriguing. With the price currently trading above the support line, your expectation of further upward movement towards the resistance level is worth considering. I'm curious to know, based on your assessment, what timeframe do you anticipate for Bitcoin to reach the target levels of 27750 and 28275? Additionally, are there any specific indicators or catalysts that could support this bullish scenario?
linofx1
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Excellent analysis as always
ArmanShabanTrading
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Elegant chart!
KABHI_FOREX_TRADING
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perfect work, good
BKTradingAcademy
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Nice details! Love the simplicity of your charting and analysis.
FOREXN1
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Amazing Analysis here mate...
VincePrince
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Good job.
RLinda
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Thanks for the detailed analysis of the potential asset movement, that was very helpful. Very interesting to watch your reasoning on technical analysis.