Lingrid | BITCOIN breaking through the CHANNEL

BTCUSDT is slowly climbing upwards. It is about to potentially break through the downward channel border and update the highs. The market broke and closed above the significant level at 65,000. Also, it broke the structure, making higher highs and higher lows. I expect a short-term rollback to the support level, then growth from the support level to recent higher highs. My target is the key resistance zone at 70,000.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Comment:

The price perfectly fulfilled my last idea, and it went up towards the resistance. BTCUSDT is rolling back from the support level. I think the market will move upward from the range zone. This level was respected before, and recently the market broke and closed above it after forming the small box. I expect the market to pull back to the middle of the range zone, which will act as a support level, then continue moving upwards. My target is the resistance zone at 68000

Comment:

The price of BTCUSDT is consolidating after rebounding from the swap zone. I think the market will break the range zone because the top of the range has been tested three times already. The market forms a range, then breaks it through and then forms another one. The price is basically moving in a contraction and extension pattern. I expect the market pullback to swap zones where impulse moves were made, then retest the higher levels. My target is near the channel border at 67690.