Bitcoin / TetherUS
Long

Bitcoin can rebound up from support level to 27500

1179
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago declined inside the downward channel to the 28800 resistance level, which coincides with the seller zone. When the price reached this level, it exited from the downward channel and started to trade near the seller zone, but after BTC rose to 30220 points, it bounced down. After this BTC made a strong downward impulse below the 25750 support level, which coincides with the buyer zone, thereby breaking the 28800 resistance level. Also then price entered to range, in which the price a few time traded and then rebounded up to 28170 points and then started to decline back. Some time ago Bitcoin fell to support level, but recently it rebounded and at the moment trades near. In my mind, BTC can make correction to this level again and then rebound up. For this reason, I set up my target at 27500. Please share this idea with your friends and click Boost 🚀

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