Bitcoin can bounce off the resistance line and start fall
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.
Today, I want to talk to you about the BTC/USDT chart.
On the chart, we can see how Bitcoin formed a triangle and is trading inside.
Now the price is close to the resistance line, but it can retest it and bounce back.
I expect that after a possible retest of resistance line, the price can bounce to breakdown the support line and continue to decline.
Therefore, I see our target at a level 16050.
This is my opinion, I really hope it will be useful for you.
Today, I want to talk to you about the BTC/USDT chart.
On the chart, we can see how Bitcoin formed a triangle and is trading inside.
Now the price is close to the resistance line, but it can retest it and bounce back.
I expect that after a possible retest of resistance line, the price can bounce to breakdown the support line and continue to decline.
Therefore, I see our target at a level 16050.
This is my opinion, I really hope it will be useful for you.
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.