FirstNameHelen

HelenP. I Bitcoin can break support level and fall to trend line

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the trend line and then rebounded and in a short time rose to support 2, which coincided with the support zone. Soon, BTC broke this level and started to trades in consolidation, where it first rose to support 1, which coincided with the resistance zone, but at once rebounded back to support 1. Then price three time tried to rise, but only the third time, when BTC declined to the trend line, it rebounded and made a strong impulse up to 45850 points, thereby breaking support 1, and exited from consolidation. After this movement, the price made a correction to the 44650 - 45200 resistance zone, and not long time ago it rebounded from this zone. But now, BTC trades in this zone again, so I think that the price can fall to the support level and try to break it. If Bitcoin breaks this level, it will continue to decline, therefore I set my target at the 42550 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️

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