Lingrid | BTCUSDT channel BREAKOUT. BULLISH sign

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The price perfectly fulfilled my last idea. It reached the target zone. BTCUSDT has broken out of its downward channel and closed above it. Moreover, the price has also broken and closed above the psychologically important level of 60,000, which has been a resistance level since the beginning of July. With this development, there is a high likelihood that the market will pull back from the current resistance levels.I believe that the market may retest the channel as well as the round number of 60,000 before continuing its upward momentum. If this happens, I expect the market to retrace back to the support level before making another bullish move. My target is resistance zone at 66,800

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

٢٠ يوليو

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