BITCOIN - Price can rise to resistance level and try to break it
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge.
Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level.
But soon, BTC turned around and started to grow inside rising channel, and later broke $56200 level again.
Then price reached resistance line of channel and at once made correction, after which rose to $64000 level.
After this, BTC turned around and fell back to support line of channel, and a not long time ago bounced up.
So, in my mind, price can bounce up from support line to $65800, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge.
Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level.
But soon, BTC turned around and started to grow inside rising channel, and later broke $56200 level again.
Then price reached resistance line of channel and at once made correction, after which rose to $64000 level.
After this, BTC turned around and fell back to support line of channel, and a not long time ago bounced up.
So, in my mind, price can bounce up from support line to $65800, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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