BITCOIN - Price can break support level and continue to fall

[ishanagarwal]

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

Recently price broke $27900 level and fell to support area, but soon it made strong upward impulse.

Also, BTC entered to pennant, where price broke $28900 level and reached resistance line.

Then price made correction and after bouncing up, exited from pennant, and started to decline.

Price declined below $27900 level and entered to rising channel, but when BTC rose higher of $28900 level, it bounced down.

And price continued to decline, thereby breaking $27900 level, and firstly fell to support area.

Later Bitcoin fell lower of this area and next support level, but at once bounced up.

Now price trades near support level and maybe BTC can break this level, and continue to fall to $26070

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[Woverne]

i am shorting till 23000 at least

 

[pandaforex]

maping BTC? oh terimakasih sudah membagikan sudut pandang trading map yang baik

 

[RainbowRain]

Now Bitcoin has formed a technical analysis figure "flag" on the D1 timeframe. Therefore, there is a high probability of breaking through its upper side and further upward movement.