LegionQ8

Bitcoin can make small movement up and then fall to support area

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago broke the 37650 support level, which coincided with the buyer zone and even fell below this zone to 36720 points. After these movements, the price around up and backed up higher than the 37650 level. Then BTC a little rose more and soon fell back to this support level. And after this, the price started to rise in an upward channel, where it first reached the support line and then bounced higher and reached the resistance line of the channel. Later Bitcoin reached the 42800 current support level and in a short time, it broke this level and started to trades inside the range, thereby exiting from the channel. In range, BTC rose to the top part of the range, but a not long time ago it made correction to the support area. And now I think that BTC can grow a little more and then decline to the support level, which is located in the support area. For this case, I set up my target at the 42800 level. Please share this idea with your friends and click Boost 🚀
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