HelenP. I Bitcoin can break support level and continue to fall

2 ago

Hi folks today I'm prepared for you BTCUSDT analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, but at once turned around and dropped to the support level. After this movement, BTC some time traded near this level, which coincided with the support zone, and then started to grow to 68200 level. When the price reached this level, it broke it and even rose a little higher than the resistance zone, but soon turned around and made a correction movement below this level. Next, Bitcoin rose until to the trend line, after which started to decline inside the downward channel, where it in a short time declined to the 64200 support level, and even lower to the support line, breaking this level. But a not long time ago price turned around and come back to the trend line, which is the resistance line of the channel also. Now price trades very close to the support level, so, for this case, I expect that BTCUSDT will reach the trend line again and then rebound down, breaking the support level. That's why I set my goal at 61400 points. If you like my analytics you may support me with your like/comment ❤️