Bitcoin can rebound up from support line of wedge to 69400 point

2 jun

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to upward wedge, where it at once rebounded from the support line and rose to the support level, which coincided with the buyer zone and broke it. After this BTC some time traded near the 66700 level and then fell to the buyer zone, after which made a strong upward impulse to the resistance line of the wedge, breaking the resistance level, which coincided with the seller zone. But the price soon turned around and in a short time declined to the support level, thereby breaking the 70400 level one more time, after which it started to grow and later reached the resistance level again. Then Bitcoin rebounded from this level and made a correction movement to the support level again, but a not long time ago price bounced from this level and started to grow. At the moment, I think that BTC can correct the support line and then rebound to the resistance line of the wedge pattern. For this reason, I set my target at 69400 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀