Bitcoin, after strong impulse up, can make correction to 67500

21 Mei

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago tried to rise, but failed and started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the 61100 support level, which coincided with the buyer zone. After this, the price made a fake breakout of this level and then tried to grow, but failed and declined to the buyer zone, where it some time traded. After this, the price broke the 61100 level again and in a short time rose to the resistance line of the downward channel. Soon, BTC broke this line, exiting from the channel, and later started trades inside the range, where it soon rose to the current support level, which coincided with the support zone. Bitcoin some time traded near this level, which also coincided with the top part of the range, and soon broke the 67500 level, exiting from the range and continuing to move up. But a not long time ago, the price turned around and started to fall. So, I think that Bitcoin can continue to decline to the support level, for this case, I set my target at this 67500 level. Please share this idea with your friends and click Boost 🚀

22 Mei

Komentar

Great! BTC has a little declined, but not to the support level, as I expected, therefore I think Bitcoin can make a small move up and then continue to decline to the 67500 support level.