Hi folks today I’m prepared for you Bitcoin analytics. If we look at the chart, we can see how a few time ago price bounced from the 29700 – 29800 resistance zone and rose to the 30400 point. Then the price declined back to the resistance zone, which coincide with the 29700 resistance level, but soon it rose again. After this movement, the price made a strong impulse down to resistance 1, thereby breaking the 29700 resistance level and entering consolidation. Inside consolidation, BTC traded between resistance 2 and resistance 1 levels, but a not long time ago price declined below the 29000 resistance level, thereby exiting from consolidation and now it trades inside the support zone near resistance 1 level. I think that Bitcoin can rise to a resistance level and then rebound down and start to fall. For this reason, I set up my target at the 28700 level. If you like my analytics you may support me with your like/comment ❤️
