Bitcoin / TetherUS
Long

Bitcoin can rise to resistance level and try to break it

372
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that price a few time ago broke the 31000 resistance level and fell to the 29700 current resistance level. next, BTC bounced up to the resistance line, thereby breaking the 31000 resistance level again and even the seller zone. But soon it started to decline near the resistance line and in a short time, the price firstly fell to the 29700 resistance level, and later fell lower ot the support line, breaking this level too and forming a downward pennant pattern. Then the price tried to rise, but after it reached the resistance area, it fell back to the support line. But a few time ago, BTC rebounded up and break the resistance line, thereby exiting from the pennant and even recently made a retest of this line. At the moment I think that Bitcoin can fall to the support line again and then bounce up to the 29700 resistance level, which coincides with the resistance area. Next, the price can make a small movement down and continue to rise, thereby breaking the resistance level. For this reason, I set up two targets, the first target at the 29700 resistance level and the second - at the 30100 level. Please share this idea with your friends and click Boost 🚀

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