Long

HelenP. I Bitcoin trades inside wedge and may continue to rise

Hi folks today I'm prepared for you BITCOIN analytics. Bitcoin has been trading in an uptrend for a long time. In the middle of last month, the price broke through the resistance zone 26365-26950 and continued to rise. For a long time, Bitcoin has been created an ascending wedge within which it is now traded. The price rebounded resistance of wedge began to fall, broke through support at the level 29100 and dropped to the trendline which correspond to the support zone. Subsequently, the price continued to move up, and broke through the current resistance. The price recently re-tested support at level 29100 and is now trading higher. It seems to me that Bitcoin may continue the uptrend, so the targets will be set at levels 30000 and 30875, which correspond to Fibonacci levels 0.786 and 1. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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