Bitcoin trades inside upward channel and can continue to grow
777
Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price has been moving in an uptrend for a long time. Bitcoin created an upward triangle and recently broke through the resistance area 28525-28750 and left it. The price continued to rise and reached the level 30440, from which it bounced and fell. Over time, the price has created an upward channel in which it is now traded. After a retest resistance line of the channel, the price began to decline and broke through the support level 30270. We can see how the price re-tested the support line of channel, bounced, and continued to rise. Bitcoin made a small correction and continued to move up. Currently, the price is trading above the support level and can continue to rise. I think Bitcoin could grow to the resistance line of channel. In this case, I set the target at level 30680 and at level 31250, which coincide with the resistance line. Please share this idea with your friends and click Boost 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.