HelenP. I Bitcoin can correct to support level and start to grow
2025-01-23
Category: None

Hi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️