BITCOIN - Price can continue decline to support area in flat
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
When price started to trades in rising channel, it first broke $37000 support level, which coincided with support area and continued to grow.
Then BTC reached resistance line of channel and in a short time price rose higher, thereby exiting from channel.
After this, price broke $41000 level, which coincided with one more support are,a and started to trades inside flat.
In flat, BTC tried two times to rise higher than the top part, but failed, and a not long time ago it bounced down again.
Now, I think Bitcoin can make a little movement up and then continue to decline to $40350, which coincides with the support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price started to trades in rising channel, it first broke $37000 support level, which coincided with support area and continued to grow.
Then BTC reached resistance line of channel and in a short time price rose higher, thereby exiting from channel.
After this, price broke $41000 level, which coincided with one more support are,a and started to trades inside flat.
In flat, BTC tried two times to rise higher than the top part, but failed, and a not long time ago it bounced down again.
Now, I think Bitcoin can make a little movement up and then continue to decline to $40350, which coincides with the support area.
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.