Bitcoin can continue grow in channel, after small correction

١٨ مايو

Hello traders, I want share with you my opinion about Bitcoin. In this chart, we can see how the price remains inside a clear upward channel, respecting both support and resistance boundaries. After breaking above the 93400 - 92400 support area, the price continued to grow and formed a new support zone between 101700 - 102700 points. This area has been tested several times, showing strong buyer interest and keeping the bullish structure intact. Right now, BTC is hovering just above this support area. A minor correction down to this zone would be healthy and could provide fuel for the next upward leg. The market structure shows higher highs and higher lows, typical of a stable channel-driven trend. As long as the price stays above 101700 points, I expect it to move toward the upper channel boundary. That’s why my current target is set at 109000 points, which is the next key resistance and the top of the channel. This move would align with the current trend and follow the previous impulse-retracement pattern we’ve seen throughout this structure. Please share this idea with your friends and click Boost 🚀

١٩ مايو

تم فتح الصفقة

Price rise a little, but then made correction to support area. I expect that it can bounce from this area and start to grow to my TP.

٢٠ مايو

أغلقت الصفقة: تم الوصول للهدف

Price made a correction, but I think that soon it will turn around and continue to grow to my TP: