BITCOIN - Price can continue to decline inside falling channel
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price started to decline inside falling channel, where it at once broke $69800 level, which coincided with resistance area.
Then price some time traded near this level and later made correction movement to $66200 level, after which backed up.
Later BTC bounced down from $69800 level and fell to support line of channel, breaking $66200 level.
But then, it rose to this level and some time traded between $66200 level, after which broke it again and fell below.
A not long time ago BTC turned around and rose to $66200 resistance level, where now it continues to trades near.
Possible, Bitcoin can reach resistance line of falling channel and then continue to fall to $63800
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to decline inside falling channel, where it at once broke $69800 level, which coincided with resistance area.
Then price some time traded near this level and later made correction movement to $66200 level, after which backed up.
Later BTC bounced down from $69800 level and fell to support line of channel, breaking $66200 level.
But then, it rose to this level and some time traded between $66200 level, after which broke it again and fell below.
A not long time ago BTC turned around and rose to $66200 resistance level, where now it continues to trades near.
Possible, Bitcoin can reach resistance line of falling channel and then continue to fall to $63800
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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