Bitcoin can rebound up from support line of pennant to 65K point

15 авг.

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to range, where it at once reached a resistance level, which coincided with the seller zone and then rebounded down to the bottom part of range. After this movement, the price in a short time rose until to top part of the range, but soon turned around and started to decline inside the downward pennant. Later BTC quickly declined until to support level, which coincided with the buyer zone, thereby breaking the 68500 level and also exiting from range. Soon, the price broke the 57500 level too and dropped to the support line of the pennant, after which at once made a strong impulse up. After this movement, BTC broke the support level one more time and some time traded near this level. Next, it reached the resistance line of the pennant pattern, but not a long time ago fell back. At the moment, it trades near the support line of the pennant and I think that the price can make a small movement up first and then correct to the support line again. Next, Bitcoin will rebound up from this line, exit from the pennant, and continue to grow, therefore I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀