FirstNameHelen

HelenP. I Bitcoin can reach resistance level and then start fall

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago declined to the support level, which coincided with the support zone and even soon fell lower, but later turned around and made impulse up to the 71800 resistance level, thereby making a fake breakout of 63100 level. Soon, BTC entered to resistance zone, but some time later it turned around and made a strong impulse down to the trend line, breaking resistance with support levels. After this movement, Bitcoin turned around and started to move up inside an upward channel, where in a short time broke the 63100 support level again and then rose to the resistance line of the channel. As well then, the price reached a resistance level one more time, but at once rebounded, and at the moment it trades below. For my mind, Bitcoin will reach a resistance level again, after which the price turn around and start to decline to support line of the upward channel, which is the trend line too. That's why I set my TP at 68000 points. If you like my analytics you may support me with your like/comment ❤️

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