BITCOIN - Price can continue to decline in a channel to $37500
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it first declined to $40500 support level, which is located in support area.
BTC some time traded near this area, after which it bounced and continued to rise to $45500 resistance level.
A short time later price broke this level, which coincided with resistance area, and rose to $48900 points.
Also, BTC exited from rising channel, and soon it made downward impulse below $45500 level, breaking it again.
After this, price started to decline in falling channel, where BTC recently broke $40500 level and fell to support line.
But soon price rose to resistance area and now I think Bitcoin can rise to resistance line and then fall to $37500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to rising channel, where it first declined to $40500 support level, which is located in support area.
BTC some time traded near this area, after which it bounced and continued to rise to $45500 resistance level.
A short time later price broke this level, which coincided with resistance area, and rose to $48900 points.
Also, BTC exited from rising channel, and soon it made downward impulse below $45500 level, breaking it again.
After this, price started to decline in falling channel, where BTC recently broke $40500 level and fell to support line.
But soon price rose to resistance area and now I think Bitcoin can rise to resistance line and then fall to $37500
If this post is useful to you, you can support me with like/boost and advice in comments❤️