BITCOIN - Price can break support level and continue to fall

skrimon

Well-known member
BITCOIN - Price can break support level and continue to fall.png


Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š

Recently price broke $27900 level and fell to support area, but soon it made strong upward impulse.

Also, BTC entered to pennant, where price broke $28900 level and reached resistance line.

Then price made correction and after bouncing up, exited from pennant, and started to decline.

Price declined below $27900 level and entered to rising channel, but when BTC rose higher of $28900 level, it bounced down.

And price continued to decline, thereby breaking $27900 level, and firstly fell to support area.

Later Bitcoin fell lower of this area and next support level, but at once bounced up.

Now price trades near support level and maybe BTC can break this level, and continue to fall to $26070

If this post is useful to you, you can support me with like/boost and advice in comments❤️
 
Bitcoin is a popular crypto type and it gained much in price a year ago even though the coin is following downtrend presently. Eurotrader allows withdrawal and depositing in USDT, another form of cryptocurrency.
 
Many brokers are engaged in scamming and fraudulence and are established only with commercial purposes. These brokers are not client-dedicated, which is an alarming signal for us. Make your trading go well with a regulated broker. FXOpulence allows traders with both ECN and Classic trading accounts.
 
Back
Top Bottom