Bitcoin can fall to support area, after strong upward movement

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 mirror line and fell to the buyer zone, which coincided with the support level, after which in a short time it backed up and even rose a little higher than this line. But soon, BTC turned around and fell below, making a fake breakout, but a little time later price rose back. After this BTC turned around and made a strong impulse down, breaking even the 41800 support level, but soon, the price turned around and started to grow in an upward channel, where a short time later BTC rose higher than this level. Later Bitcoin some time traded near the 41800 level, after which it made a strong upward impulse to the current support level, which coincided with the mirror line and support area, after which it rebounded and little declined. Then BTC rebounded back and broke the 52800 level and soon the mirror line too, which is the resistance line of the channel also. Now, I think Bitcoin can make a correction movement to support area. For this case, I set my target at this area - 52200 points. Please share this idea with your friends and click Boost 🚀

Comment:

BTC didn't go down, it rose more, but I think when it reaches 60000 - 61000 it start to decline, we'll see