BITCOIN - Price can rise to resistance line and try to break it

Jul 30, 2023

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

A few days ago price bounced from $31100 level, which coincide with resistance area, and fell to next $29900 level.

Later price bounced from this level to resistance line, thereby breaking $31100

After price reached resistance line, it started to fal land in a short time BTC declined lower $29900 level to support line, making pennant pattern.

Also recently, price bounced from support line and started to rise, and at the moment Bitcoin trades near support line.

In my mind, Bitcoin can bounce to resistance line and try to break this line and if price breaks resistance line it can make retest.

As well, price can exit from pennant and then continuing to move up to $29900 resistance level.

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