- Bitcoin has surpassed the resistance level of $27,400 and closed the daily candle above it.
- If Bitcoin can hold above this level, it may rise up to $28,500.
- However, if Bitcoin fails to hold above $27,400, it may experience a downward movement towards support levels such as $27,100 and $26,200.
| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
In this article, we will discuss the potential upward movement and possible support levels that emerged with Bitcoin breaking the resistance level of $27,400. This information provides important guidance for investors and cryptocurrency followers, but does not contain investment advice.
Medium-Term Bitcoin Price Chart
12 Hour Bitcoin Price Chart Source: TradingView
When we examine the medium-term price chart of Bitcoin, we observe that the daily candle closed above the $27,400 level.
As long as Bitcoin continues to maintain daily candle closes above the $27,400 level, it may continue its upward movement towards $28,500. This situation may provide a potential increase of more than 5% in altcoins.
If Bitcoin continues to maintain 4-hour candle closes above the $27,400 level today, it may continue its upward movement during the day.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
However, if Bitcoin fails to hold above $27,400 and starts to decline, the nearest support level is $27,100. If Bitcoin closes below the $27,100 level, the next target for the decline may be the $26,200 level.
Short-Term Bitcoin Price Analysis
2 Hour Bitcoin Price Chart Source: TradingView
When we examine the 2-hour price chart of Bitcoin, we observe that the downtrend structure has been broken and it has risen to the $27,430 level by receiving a reaction from the support level of $27,138.
As long as Bitcoin continues to stay above the $27,100 level, it may continue its upward movement towards $28,100.
If Bitcoin manages to close 2-hour candles above the $27,500 level, it may strengthen its upward movement towards $28,100.
The above analysis conveys the points to be considered when evaluating the 2-hour price chart of Bitcoin. This article does not contain investment advice and is only for informational purposes.
| COINOTAG recommends • Exchange signup |
| 🧱 Execute with discipline |
| Watchlists, alerts, and flexible order control. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🧩 Keep your strategy simple |
| Clear rules and repeatable steps. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Stay objective |
| Let data—not emotion—drive actions. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ⏱️ Trade when it makes sense |
| Your plan sets the timing—not the feed. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 🌿 A calm plan for busy markets |
| Set size and stops first, then execute. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 🧱 Your framework. Your rules. |
| Design entries/exits that fit your routine. |
| 👉 Sign up → |
