Today at SynchroBitTeam we come to analyze the idea of possible correction of BTC price to $30K Resistance Zone!
As per chart, we have recognized the Patterns on the trend.
However, the overall correction to $30K should not be considered as a “heart breaking” event! We estimate that the further correction below $30K is too hard to be occurred since the dynamic resistance on the exchanges order books are indicating that the bulls are serious to keep the trend above the line however, since they like to make money, they tend to create more dips into the and buy the holdings much easier and more cost effectively (which is highly wise strategy)!
However, if the correction to $30K channel want to happen, the Price Line of $34K is very important and can be set as an Alarm.
Remember, this is just an idea! Market has always high potentials for miracles and sudden changes! Therefore, please always consider all risks before you click for taking any position.
We wish you profitable days ahead. Don’t Forget register on SynchroBit Exchange and get your Signup Bonus.