HelenP. I Bitcoin can decline a little more and then rebound up

5 aug.Hi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near resistance 2 and then in a short time rose to the top part of a consolidation, where later BTC reached the trend line and turned around. Then price started to decline between the trend line and firstly it fell lower resistance 2, thereby breaking this level and exiting from consolidation also. Next, BTC quickly declined to resistance 1, and broke it recently, after which continued to fall to 49K points. But a not long time ago it turned around and rose a little, so, for my mind, BTCUSDT will decline to 49K points again and then rebound up higher than the trend line. For this case, I set my goal at 55K points. If you like my analytics you may support me with your like/comment ❤️

6 aug.

Kommentera

Impressive! BTC come back to 55k points and even higher, so, at the moment I expect that it will make a retest of the trend line and then continue to grow to 60K points, breaking the resistance level too: