LegionQ8

Bitcoin can make retest and then rebound up to 68600 points

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago rebounded from the support line, which is located inside the buyer zone, and made impulse up to 68200 points, thereby breaking the 62200 support level. After this, BTC corrected the support line, after which the price in a short time rose to the resistance level and even soon entered to seller zone. In this zone, BTC some time traded and later fell back to the support line, breaking the 70000 level. Also soon, Bitcoin broke the support line and declined to 64600 points. Then the price turned around and rebounded up from one more support line to the resistance level and even higher, breaking this level. But some time later price turned around and in a short time declined close resistance line to the support level, thereby breaking the 70000 resistance level and support line. Also, BTC fell below the buyer zone but soon turned around and made a strong impulse up, breaking the 62200 level and recently breaking the resistance line too. So, at the moment, I think Bitcoin can make a retest, after the breakout and then bounce up from the support line. Therefore I set my target at the 68600 level, which is located near the resistance level. Please share this idea with your friends and click Boost 🚀

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