Bitcoin can rebound up from support line to 65500 points

26 Haz

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the seller zone, which coincided with the resistance level and little rise, but soon turned around and started to decline inside the downward channel. Later BTC broke the 66900 level and fell to the support line of the channel, after which it turned around and rose to the resistance level. When the price reached this level it at once rebounded and continued to decline in the channel to the support level, which coincided with the buyer zone. After BTC reached this level, it exited from the downward channel, broke the 61100 level, and fell to the support line. After this movement, the price turned around and started to grow, and quickly reached the support level, broke it again, and rose a little more. But a not long time ago price made a correction to the support line and now BTC still trades near this line. For this case, I think the price can trades near the support line and little more time and then rebound up almost to the resistance level. So, that's why I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀

27 Haz

Not

BTC broke the support line and fell firstly to the buyer zone, but soon a little rise and now it trades very close to the support level. In my opinion, Bitcoin can make a small correction movement to the buyer zone and then rebound up from this area to 64500 points, which coincides with the support line:

28 Haz

Not

BTC didn't fall to the buyer zone, it continued to trades near the support level, so, in my opinion, it can rebound from this level and start to grow to my TP