BITCOIN - Price can decline to $40100 inside falling channel
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price started to trades in flat, where it in a short time declined to support area, which coincided with $41400 level.
In area, BTC fell to support line and then bounced back to flat, in which price repeated this movement two time.
The second time, price bounced from support line and made strong impulse up to $49000 points, exiting from flat.
But after this, Bitcoin turned around and in a short time declined to $41400 level, breaking resistance level and support line.
Also price entered to falling channel, where it made fake breakout of support level and now it trades near.
Possibly, Bitcoin can grow little more and then start to decline to $40100, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to trades in flat, where it in a short time declined to support area, which coincided with $41400 level.
In area, BTC fell to support line and then bounced back to flat, in which price repeated this movement two time.
The second time, price bounced from support line and made strong impulse up to $49000 points, exiting from flat.
But after this, Bitcoin turned around and in a short time declined to $41400 level, breaking resistance level and support line.
Also price entered to falling channel, where it made fake breakout of support level and now it trades near.
Possibly, Bitcoin can grow little more and then start to decline to $40100, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️