Bitcoin can make little movement up, and then start to fall

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it first declined to the support line, after which it rebounded and rose to the 39900 support level, which coincided with the buyer zone. Next, the price some time traded near this level, and soon broke it, after which BTC rebounded up to the next level in the channel. In a short time price broke the 41800 level too, after which it started to trades inside from range, thereby exiting of upward channel. In range, BTC some time traded near the support area, which coincided with the bottom part and 41800 level, and later rebounded from this zone to top part of range. After this movement, Bitcoin turned around and made a correction back to the support area, but it at once bounced and continued to trades near the support area. Now, I think that Bitcoin can rise a little more, after which the price make correction to support the area again. For this case, I set my target at the current support level - 41800. Please share this idea with your friends and click Boost 🚀

評論:

BTC didn't fall to the support level, it continued to rise and even exited from range. So now, I think it can grow a little more and then make a correction to $44000 - $43500, we'll see