BITCOIN - Price can reach support level and then start to grow

1 728
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some time ago, the price long time traded near $83700 level, broke it and started to grow inside an upward wedge.

Firstly, BTC rose to the resistance line of the wedge and then corrected to the support level, after which it reached the $87800 level.

After several attempts to break resistance, price turned around and dropped, thereby exiting from wedge.

Now it is correcting and approaching support level, slowly moving toward $83700 key support level.

In my opinion, when BTC reaches $83700 level, it can turn around and start to grow to the $87800 resistance level.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.