LegionQ8

Bitcoin can continue to decline to 63100 support level

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the 63100 support level, which coincided with the buyer zone, and in a short time rose to the 68000 resistance level, but when it reached this level, BTC started to fall. Bitcoin declined to the buyer zone, where it reached the support line and then at once rebounded back to the resistance level, making a fake breakout of a support level. Soon, the price reached the 68000 level, broke it, and started to trades in the range, where BTC first rose to the top part of this pattern. After this, the price bounced down from the top part of the range and some time traded near, until BTC almost reached the top part again. Then the price made impulse down to 64500 points, thereby exiting from the range and breaking the resistance level, after which it turned around and started to rise. Now, I think Bitcoin can rise to 66800 - 67000 points and then continue to decline to the support level. For this reason, I set my target at the 63100 level. Please share this idea with your friends and click Boost 🚀

🔷Join my telegram channel for free - t.me/legionq8

💰About Premium Signals Group all details you can see here - t.me/legionq8/812
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.