Bitcoin / TetherUS
שורט

Bitcoin can break support of triangle and continue to decline

1939
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we see how after the end of the local downtrend, the price re-tested the support area and formed an upward impulse. Next, we see how the price formed a fake breakout of the resistance level 28755, but returned and began to decline. Over time, Bitcoin created a symmetrical triangle and is currently trading in the inside. Recently, the price went up to the resistance line of triangle, tested it and bounced. It is now Bitcoin trading below the resistance line and can continue to fall. I think the price can break through the support of the triangle and keep going down. In this case, I decided to set the target for BTC/USDT at level 27635, which coincide with the support line of the triangle, and at level 27200. Please share this idea with your friends and click Boost 🚀

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