HelenP. I Bitcoin can start grow to trned line, after correction
2025-02-06
Category: None

Hi folks today I'm prepared for you Bitcoin analytics. In this chart, we can see how the price declined below a support level, which coincided with the support zone, and quickly backed up and continued to move up next. Later BTC rose to a resistance level, which coincided with the resistance zone, some time traded near, and then made a correction movement, after which made an impulse up to the trend line. Then the price turned around and started to decline near the resistance level. Sometimes BTC rose back to the trend line, but didn't fixed and continued to decrease next. A few time later price rebounded from the resistance zone and dropped below, breaking the resistance level last time. After this movement, BTC rose to the trend line, little time traded between this line, and then dropped to the support level. Then Bitcoin rebounded from this level and rose to 102500 points, after which started to decline. So, in my opinion, BTCUSDT will fall one more time and then start to grow to the trend line. That's why I set my goal at 102K points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️