WalterMoon

BITCOIN - Price can continue to fall and break support level

Короткая
COINBASE:BTCUSDT   Bitcoin / Tether
Hi guys, this is my overview for BTCUSTD, feel free to check it and write your feedback in comments👊

Inside from rising channel price bounced of support area and rose to $27500 level.

But at once BTC started to decline and entered to flat, where it backed up to area.

Then price bounced up to resistance level, which coincide with resistance line and made downward impulse to support line.

Thereby exited from flat, broke $26535 level, and entered to wedge, where Bitcoin started to rise.

As well later, price rose higher of two resistance levels and made fake breakout, but soon fell back and exited from wedge.

And now Bitcoin trades close support area and I think it can continue to decline and try to break support level.

Also then price can make retest or not and bounce lower to $26125

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