BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you Bitcoin analytics. A few time ago, the price declined from support 2 to the trend line, where it at once rebounded and started to rise. Price in a short time rose higher of support 2, which coincided with the support zone, thereby breaking it and then some time traded near this level. Later BTC rebounded from support 2 and reached support 1, which coincided with the support zone too, but soon rebounded back to the trend line. Also, at this moment, the price is traded inside a wedge, where Bitcoin rises close to the trend line. After a few moments, BTC rebounded from the trend line and made a strong impulse up to 37700 points, thereby breaking support 1 and exiting from the wedge. Now price continues to rise and I expect Bitcoin can to start to decline to 35800 support level. That's why I set up my target at this level. If you like my analytics you may support me with your like/comment ❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.