BITCOIN - Price can break support level inside falling channel
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š
A not long time ago, price declined from resistance line to support line, breaking $61300 level, which coincided with support area.
But soon, BTC turned around and made upward impulse to $65200 resistance level, making a fake breakout.
Later price in a short time broke resistance level, which coincided with resistance area and rose to resistance line.
Then price turned around and started to decline in falling channel, where BTC broke $65200 level with support line.
At the moment, price continues to decline inside channel and I think Bitcoin can make a little movement up.
After this, BTC can bounce from resistance line and fall to $59850 support line, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago, price declined from resistance line to support line, breaking $61300 level, which coincided with support area.
But soon, BTC turned around and made upward impulse to $65200 resistance level, making a fake breakout.
Later price in a short time broke resistance level, which coincided with resistance area and rose to resistance line.
Then price turned around and started to decline in falling channel, where BTC broke $65200 level with support line.
At the moment, price continues to decline inside channel and I think Bitcoin can make a little movement up.
After this, BTC can bounce from resistance line and fall to $59850 support line, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️