HelenP I Btc trades inside wedge and can fall to support line
Hi folks, today I'm prepared for you BITCOIN analytics. For a long time, Bitcoin has been moving in an uptrend and has broken through resistance level 1 $27755. The price continued to rise and tried to break through the next resistance level 2, but was never able to fixed over it and bounced back and fell to the support level $26600. After retest the support level, the price started moving up and recently created the downward wedge. The price is now trading inside the wedge below the trend line. The price has tested the trend line and may begin to fall. It seems to me that the price may achieve support of wedge, therefore I set the target at level $27125, which coincide with the support line and corresponds to the level of Fibonacci 0.786. If you like my analytics, you can support me with your like/comment ❤️
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