HelenP. I Bitcoin will grow to resistance level and then drop
2025-01-30
Category: None

Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price broke the support level and tried to grow more, but failed and in a short time declined to 91900 points firstly and then it fell to the trend line. After this, BTC turned around and started to grow inside a triangle pattern, where it soon reached the 98800 level, broke it, and continued to move up, after retesting. Later BTC rose to a resistance level, which coincided with the resistance zone, and even rose higher and reached a new ATH, but then it turned around and dropped below the resistance level, breaking it one more time. Then the price tried to return, but failed and some time traded near the 106400 level and then dropped to the support zone, where it reached the trend line, which is the support line of the triangle as well. After this, it rebounded up to the triangle pattern's resistance line, which continues to trade to this day. So, I expect that BTCUSDT will make a move up to the resistance level and then start to decline to the trend line, therefore I set my goal at 101K points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️