Bitcoin May Break Triangle Support Line and Continue Lower WHITEBIT: BTCUSDT by Michael_Winner – Technische Analyze – 2022-12-11 23:38:05

Hello dear traders, we are new here so we request you to support our ideas by asking “submit” and comment, you can also ask questions freely in the comments, we will try to answer them all, thanks guys.

Today we will look at the price BTC / USDT.
I draw your attention to the chart where we can see how bitcoin Form a symmetrical triangle and trade inside it.
The price is now trading below the resistance line and may continue to decline.
I think the price may bounce off the resistance line and initially drop to the support line.
In my opinion, if the price breaks the support line, it can go down.
So I set two targets, the first target at $16,900 and the second at $16,600.

I foresee this scenario, so be prepared for the next step.
Thank you for your time. We hope that our work will suit you and that you will be satisfied. We wish you a happy day and great profits

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