FirstNameHelen

HelenP. I Bitcoin can fall to $37350, breaking support level

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price tarded below support 2, which coincided with the support zone, and soon finally reached this level and broke it. After this, BTC some time traded near and later made impulse up to one more support zone, but at once rebounded down to the trend line. Then, the price started to trades in a wedge, where it at once rebounded from the trend line and tried a few time to rise to support 1, but as soon as BTC reached the 38200 - 37800 support zone it fell back to the trend line. Only the third try price finally reached support 1, which is located in the support zone and broke it. After this, the price rose to the resistance line of the wedge, but recently it rolled down and now trades close. So, I expect that Bitcoin can reach the resistance line again and then start to fall to the trend line, breaking the support level. That's why I set my target at the 37350 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️

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