Bitcoin / TetherUS
Long

Bitcoin can make correction to support level and then bounce up

673
Hello traders, I want share with you my opinion about BTCUSDT. By observing the chart, we can see that price some time ago made upward impulse to the 30400 resistance level, which coincide with the seller zone, and even later broke their and continue to rise to the 31700 point. After this, BTC bounced down and fell below the resistance level with the seller zone and also entered to the downward channel. Inside the channel, the price tried to back up higher than the resistance level, but failed, and after exiting from the channel, Bitcoin started to trade inside the range. In range, the price declined to the 29000 support level, but a not long time ago it fell even lower to the buyer zone. But soon the price rebounded up to the top part of the range and recently rolled down to the 29000 support level, where it continues to trade near. At the moment I think that Bitcoin can make correction to the support level and then bounce up to the top part of the range. For this reason, I set up my target at the 29850 level. Please share this idea with your friends and click Boost 🚀

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