Bitcoin / TetherUS
Long

Bitcoin trades inside channel and can rise to resistance line

996
Hello traders, I want share with you my opinion about Bitcoin. Looking at the graph, we can see how Bitcoin formed the seller zone 24885-25250, from which it begin to decline and broke through the support area 21550-21360. Over time, the price has created the downward channel and is currently trading inside. We can also see inside the channel the price has formed a support area 19760-19570 that coincide with the support line that the price has re-tested and started to rise from it. The price is now trading above the support area and may continue to move upwards. I think Bitcoin can continue to grow and reach resistance line of channel, so I set 2 goals at level 20500 and at level 21285 which coincide with resistance line of channel. Please share this idea with your friends and click Boost 🚀

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