BITCOIN - Price can correct to support area and then bounce up
2024-12-20
Category: None

Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Recently price started to move up in the rising channel, where it at once made correction from resistance line.

Price fell below $94000 level, but soon backed up and later continued to grow to resistance line of channel.

When price reached this line, it made a correction to support line and then rose higher than $103500 level, breaking it.

Soon BTC turned around and declined to support level, breaking resistance level and exiting from channel.

At the moment, price trades close support level and I think it can fall to the support area and then start to grow to $100K.

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