WalterMoon

BITCOIN - Price can correct a little more and then bounce up

Long
COINBASE:BTCUSDT   Bitcoin / Tether
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

A few moments ago price traded in flat, where it reached $53000 level and soon broke it, thereby exiting from flat too.

Then BTC continued to move up in rising channel, where price corrected to support line and then bounced up.

In channel, price even entered to resistance area, which coincided with $72700 level, but soon fell back, making fake breakout.

After this, BTC bounced up from support line and tried to rise, and failed, declining to support line back.

But after this, Bitcoin turned around and in a short time rose to $72700 level, where now it continues to trades near.

In my mind, Bitcoin can decline a little more, after which bounce up to $76500, breaking resistance level.

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