WalterMoon

BITCOIN - After impulse up, BTC can correct and continue rise

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

Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.

BTC made strong correction movement to $38500 points, breaking $42500 level with support area.

After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.

In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.

Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.

Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.

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