HelenP. I Bitcoin can break resistance level and continue grow
2024-11-04

Hi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price declined to the support level, which coincided with the support zone, and then at once tried to grow. But soon it turned around and dropped below the 63000 level, breaking it, and then some time traded below this level. Price tried to rise higher than the support level, but failed and declined to the trend line, after which it rebounded and grew back. Soon, BTC broke the 63000 support level and rose in a short time to the resistance level, which coincided with the resistance zone. After this, the price rebounded and made little correction, after which continued to move up inside pennant. BTC reached a resistance level, broke it, and rose to the resistance line of pennant pattern, but soon turned around and started to decline. It quickly fell to the trend line, breaking the resistance level, but recently started to grow. Now, I expect that BTCUSDT will exit from the pennant, break the resistance level, and then make a retest. Then I think the price can continue to move up, therefore I set my goal at 73000 points. If you like my analytics you may support me with your like/comment ❤️