HelenP. I Bitcoin can make retest and then continue to grow
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago BTC dropped lower than support 2, which coincided with the support zone, but soon turned around and made a strong impulse up. BTC reached support 1 and then some time traded near, even entering to one more support zone. Later, when the price entered the support zone a third try, it broke support 1 and rose until to the trend line, after which turned around and dropped to support 2, breaking support 1 again. Also, the price started to trades inside consolidation, where it some time traded near support 2 and then rose to support 1. But then BTC at once dropped to the support zone, after which it turned around and made a strong impulse up, breaking support 1 and exiting from consolidation. Also, it broke the trend line recently, and now continues to move up, so, I expect that BTCUSDT will make a retest of the trend line and then continue to grow. For this case, I set my goal at 66400 points. If you like my analytics you may support me with your like/comment ❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.