LegionQ8

Bitcoin can rise little more and then start to decline to 28400

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 a few days ago price started to rise inside the upward channel, where it rebounded from the support line and then reached the 26000 support level, which coincided with the buyer zone. Then the price broke this level, made a small correction, and after this movement continued to move up inside the channel. When BTC rose to 27500 points, it made a correction to the support level and at once bounced up to the resistance line of the channel, which coincided with the current support area. Then Bitcoin made a correction again, but this moment it fell to the support line of the channel. After this movement, BTC rebounded from this line and made a strong upward impulse to the 28400 level, broke it, and entered to support area. Soon, the price made a retest of this level and then continued to rise and a not long time ago BTC exited from the upward channel. Now, I think that Bitcoin can rise a little more and then bounce down to the 28400 support level, which coincides with my target. Please share this idea with your friends and click Boost 🚀

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