After we pushed off the resistance line of the rising channel we showed a good downward movement.
We have reached the midline of this channel by forming a falling wedge pattern.
maybe this pattern will come true, and this movement is just a correction before jumping up, and in this case I see resistance in the 8600 zone -like the formation of a second shoulder pattern head shoulders.
I see support level in the zone 8000-8200 (yellow box)... also this is 38.2% fibonacci level
But I see stronger support in the zone 7850-7600 (orange box)
Best regards EXCAVO
We have reached the midline of this channel by forming a falling wedge pattern.
maybe this pattern will come true, and this movement is just a correction before jumping up, and in this case I see resistance in the 8600 zone -like the formation of a second shoulder pattern head shoulders.
I see support level in the zone 8000-8200 (yellow box)... also this is 38.2% fibonacci level
But I see stronger support in the zone 7850-7600 (orange box)
Best regards EXCAVO
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the first time bitcoin did not break the price of 9200, now there will be a small correction and another attempt is possible to break this level
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