Bitcoin can start to decline from resistance level to 56K

18 agoHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some time ago rebounded from the support line and reached the support level, which coincided with the buyer zone. Soon, BTC broke this level, but then it made correction to the support line, after which turned around and bounced up until to the 61000 resistance level. When Bitcoin reached this level, it broke it and entered to seller zone, but soon turned around and started to decline inside the downward channel. In the channel, the price broke the support line and fell a little below the 61000 level. Later it turned around and in a short time rose back to the seller zone, after which turned around and bounced down to the support line of the channel, which coincided with the 56000 level also. Recently price started to grow and now continues to grow to a resistance level. For this case, I think that BTC can reach a resistance level and then drop to a support level inside the downward channel. So, that's why my TP is a 56000 level. Please share this idea with your friends and click Boost 🚀

19 ago

Trade attivo

OK. BTC started to decline, as I said yesterday. Now I think that it can make a small movement up and then continue to decline to the support line of the downward channel, where is located my update TP (55100):

20 ago

Trade attivo

Hmm. BTC rose until to resistance line of the downward channel and now continues to trades very close to this line. So, in my opinion, it can drop from this line to the support level little later: