Bitcoin / TetherUS
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Bitcoin can break resistance line and bounce up to 30350

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Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some time ago fell to the support line, which coincided with the 29500 support level, and soon the price bounced up to the 31200 resistance level, thereby breaking the current resistance level. But in a short time BTC started to decline and a few time later it fell back to the support line. Next, the price rose firstly to the resistance area and then made impulse up to the seller zone and even grew higher of it. But soon it rolled down to the 29500 support level, breaking two resistance levels and the support line. After this movement, BTC rose to 30350 current resistance level, which coincide with the resistance line, and then made a downward impulse below the support level to support the line of the pennant. And recently Bitcoin grew back and now trades very close resistance line and support level. Possibly price can break the resistance line, thereby exiting from the pennant and then continuing to move up to the resistance level. For this case, I set up two targets, the first target at the 29900 and the second - at the 30350. Please share this idea with your friends and click Boost 🚀

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