Bitcoin can exit from triangle and then continue to move up

2024年1月6日

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to range, where it firstly declined until to buyer zone, which coincided with the 41300 support level. After this, the price bounced from this zone and rose higher than the 41300 level, but soon it declined back, making a correction. Then BTC rose from the buyer zone to the resistance level, which coincided with the seller zone and top part of the range, after which the price a few moments later rolled down to the support level. After this movement, Bitcoin rebounded from this level and made a strong upward impulse to the 44100 resistance level and even soon broke it, thereby exiting from range. Next, the price started to trades in a triangle, where it rebounded from the resistance line and in a short time declined until to support line, broke two levels. But recently BTC rebounded from the support line and rose higher than the support level to the seller zone, and soon backed up below. Now price trades near the support line, and I think that Bitcoin can break this line, thereby exiting from a triangle, and then the price will decline a little. After this, BTC can start to move up to the resistance level and even try to break it. If the price breaks this level, it can continue to move up, so I set two targets, the first target at the 44100 resistance level and the second - at the 45500 level. Please share this idea with your friends and click Boost 🚀

2024年1月7日

註釋

Recently BTC exited from a triangle and rose to the resistance level. So, I think Bitcoin can break this level, make a retest, and continue to move up.

2024年1月8日

註釋

BTC finally broke the resistance level and now it will make a retest of the 44100 level, after which the price continue to rise

2024年1月9日

註釋

Bitcoin rose up +4000$ and almost 10% net profit, my congratulation for those who follow 🎉