Bitcoin / TetherUS
Long

Bitcoin has tested current support level and can increased

1404
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how Bitcoin bounced off the 27230 level and rose to the resistance area 29760-29970, tested it, and then to decline. For some time, the price traded close to the level 29100, made several fake breakouts of this level, rose, retested the resistance area, and began to fall. Bitcoin to decline to the level 27665, where it formed a support area and began to move upward from there. We can see that the price has been created an upward triangle for a long time, which it recently left and decreased. After retesting the resistance level, the price continued its downward movement, broke through the support line of triangle, and fell to the support area. Recently, the price tested the support area and rose. Bitcoin is now trading above the support area and can continue to rise. I think the price can continue to move downward, but after a deep upward correction. In this case, I set targets for Bitcoin at level 28200 and at level 28550. Please share this idea with your friends and click Boost on TradingView, link below 🚀

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