BITCOIN - Price can continue to move up inside rising channel
2025-01-03
Category: None

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

Recently, price bounced from resistance level and fell to support area and even a little lower than this area.

After this, price started to trades inside wedge, where it made upward impulse to resistance line of this pattern.

BTC broke $96800 level, but soon turned around and dropped below it, breaking this level again.

Then price declined to support line of wedge, breaking $93600 level, after which started to grow in rising channel.

Price exited from wedge also and rose inside channel to resistance line, breaking $93600 level, but then corrected.

Now, I think that BTC can first correct and then continue to grow to $99300, breaking resistance level.

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