Short

HelenP. I Bitcoin may exit triangle and continue to fall

Hi folks today I'm prepared for you BITCOIN analytics. After a rebound from the level of 27130, Bitcoin began a local uptrend. The price made a slight correction, continued to rise, reached the level of 30550 and formed a resistance zone. Bitcoin continued to grow and broke through the resistance zone, but the price could not fix higher and began to decline. The price continued to decline and fell to support at level 27130. Subsequently, a symmetrical triangle was created in which Bitcoin has been trading for a long time. After retesting support of triangle, the price rose to the trend line, retested it, and rebound. Bitcoin continued to decline and broke through support at level 28975. The price reached the support of the triangle, re-tested it and increased. Bitcoin recently rebounded from current resistance and is now trading lower. It seems to me that the price may continue the local downtrend. Bitcoin may break through support for the triangle and leave it. Therefore, the goals will be set at level 28400, which corresponds to the support of the triangle, and at level 27840. If you like my analytics you may support me with your like/comment ❤️

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