Bitcoin can back to falling channel, where breaks support level

2024년 1월 26일

Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago entered to range, where it rebounded from the top part, which coincided with the 44400 resistance level and in a short time declined to the 40350 support level. Then BTC soon bounced from this level, which coincided with the buyer zone and rose back to the resistance level, but when it reached this level, the price turned around and little declined. After this, Bitcoin made an upward impulse higher than the resistance level with the seller zone, thereby exiting from the range too, but soon the price made a correction below the 44400 level. After correction, BTC repeated an upward impulse to 49000 points, and then it turned around and fell to the seller zone. Next, the price continued to decline in a downward channel, where BTC soon broke the 44400 level again and even later fell lower than the 40350 support level, reaching the support line of the channel. But recently, the price rebounded from this line and made impulse up, higher than this level and also the resistance line of the channel, thereby exiting from it. Now, the price trades near this line and I think that Bitcoin can back to the channel, making a fake breakout, and then fall to 38600, thereby breaking the support level one more time. Please share this idea with your friends and click Boost 🚀

2024년 1월 27일

노트

BTC rose to $42200 points and then started to decline, so possibly it can fall to the support level and try to break it, after which it will make retest and continue to fall

2024년 1월 28일

노트

So, Bitcoin didn't fall to support level, for this case, I think that it can rise to $43000 - $44000 and then start to decline