BTC: EXPECTING A BOUNCE FROM $20K LEVEL IF?
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Welcome to this BTC update.
After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the 22k-
23K level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously.
$19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the 20k level so we have some more confirmation of bounce from that area. Let's see how this goes.
Also, keep in mind that if it breaks below 19.8k level then we can see more dump in the market.
What do you think about this?
Do you also think that we can see a bounce from the 20k level or do you think that we see more lows?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update.
After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the 22k-
23K level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously. $19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the 20k level so we have some more confirmation of bounce from that area. Let's see how this goes.
Also, keep in mind that if it breaks below 19.8k level then we can see more dump in the market.
What do you think about this?
Do you also think that we can see a bounce from the 20k level or do you think that we see more lows?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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