Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago traded in the range, where it firstly declined to the 41500 support level, which coincided with the buyer zone, but soon BTC turned around and made impulse up higher than the bottom part of the range, thereby exiting from it. Next, the price entered to the pennant, where it rose to the resistance line, after which it made a strong downward impulse to the support line, thereby breaking two levels - 47000 and 41500. Later price turned around from the support line and in a short time rose higher than the 41500 level, breaking it one more time and little time later BTC reached the resistance line of the pennant and broke it too, exiting from the pennant pattern. After this movement, Bitcoin rose to its current support level, which coincided with the support area, and recently broke it also, after which the price made a retest and continued to move up. At the moment, the price trades near the support area, and in my mind, Bitcoin can correct to the support area, and then BTC will bounce and continue to grow. For this case, I set my target at the 49900 level. Please share this idea with your friends and click Boost 🚀
