Hello traders, I want share with you my opinion about Bitcoin. If we look at the chart, we can see how the price entered an upward channel and declined to the support line. Then it started to grow and soon reached the 93500 support level, after which it broke this level and then some time traded near. After this, the price rebounded and continued to move up inside an upward channel, where it later reached a resistance level, which coincided with the seller zone. When BTC reached this level, it broke it too and even rose to the resistance line of the channel, but soon it turned around and dropped to the seller zone. In this area, the price long time traded and later tried to grow, but failed and continued to decline. Soon, BTC broke the 106500 level and fell below the resistance level. But recently, price turned around and grew to this level again, and now trades very close. In my opinion, Bitcoin can decline a little and then break the resistance level one more time. After this movement, I expect that the price will continue to move up inside the upward channel, so I set my TP at 112000 points. Please share this idea with your friends and click Boost 🚀
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Good, price little corrected. Now, I think it start to move up.🔷Join my telegram channel for free - bit.ly/4g4wovR
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
ThinkMarkets Ambassador Join & explore: bit.ly/3S4HwPq
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
ThinkMarkets Ambassador Join & explore: bit.ly/3S4HwPq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.