Short

Bitcoin can rebound down to 26500, thereby exiting from pennant

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few time ago rebounded from the resistance line of the triangle and made a strong downward impulse to the 25800 support level, which coincided with the buyer zone, thereby breaking the 28000 level. Then the price bounced up and some time traded near the 25800 level and later even made impulse up to the resistance line of the triangle, but at once rolled back. Also soon, the price declined lower buyer zone to support line of pennant and at once started to rise. Bitcoin in a short time rose to 27500 points, thereby exiting from the triangle and after this, it made a correction to the support line. After this movement, the price continued to move up and even later it rose to the resistance line, but soon fell back to the support line, making a fake breakout. As well recently BTC made a fake breakout of this line too and now the price trades very close to the support line inside the pennant. I think that Bitcoin can rise a little more and rebound, thereby breaking the support line. For this case, I set up my target at 26500. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

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