Long

HelenP. I Bitcoin will rebound from trend line and rise to $123K

Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see a very clear and long-term bullish structure. The entire uptrend is supported by a major ascending trend line that has acted as a reliable foundation for the price for a significant amount of time. Currently, the price is consolidating above this crucial trend line and is interacting with the key support zone between 117500 and 116700 points. I believe that the most probable scenario here is a brief corrective move downwards for the price to properly retest the main ascending trend line. This type of retest is often a healthy sign in a strong trend, as it allows for the confirmation of support and gathers momentum for the next leg up. A strong rebound from this trend line would serve as a powerful signal that the buyers are still in control. Therefore, once the price confirms its bounce from this dynamic support, the path should be clear for a continuation of the uptrend. For this reason, my primary goal for this trade idea is set at the 123000 points. If you like my analytics you may support me with your like/comment ❤️

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FirstNameHelen

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FirstNameHelen

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