The price has received buying reactions from a strong support area, and if these purchases continue, the rise can continue up to $32,000 levels.
The target resistance levels aimed with daily closings above the $28,200 level are $31,000 and $32,200.
Closings above the immediate resistance level of $29,500 have the potential to direct the price towards the $31,100 level.
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 →
When we look at the daily and 4-hour technical charts of Bitcoin, we observe how important support and resistance levels shape the price movement. Strong buying reactions and approach to resistance levels help us determine the potential for possible upward movement of BTC.
Medium-Term BTC Analysis
Daily BTC/USD Price Chart
When examining the daily technical chart of Bitcoin, it can be observed that the price has received strong buying reactions from the support range between $28,600 and $28,200. If the buying from this support range continues, BTC has the potential to carry its rise up to $32,000 levels.
As long as the Bitcoin price continues to close above the $28,200 level on a daily basis, it may primarily aim to reach the $31,000 level and then target the $32,200 level. However, if daily closings occur below $28,200, the downward trend may continue down to $27,700 levels.
The immediate resistance level for Bitcoin is determined as $29,500. If the BTC price achieves daily closings above $29,500, it may aim to direct its rise towards the next resistance zone at the $31,100 level.
Short-Term BTC Price Analysis
4-Hour BTC/USD Price Chart
When examining the 4-hour technical chart of Bitcoin, it can be observed that it encountered strong buying reactions from an important support area at the $28,700 level and moved its price back to the $29,270 levels.
As long as the BTC price continues to achieve 4-hour candlestick closings above the $28,700 level, it carries the potential to continue its upward trend towards the mentioned $30,400 levels in the analysis. At this point, it is important for Bitcoin investors to closely monitor the $28,700 support.
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 →
If the Bitcoin price can surpass the $30,400 resistance with 4-hour candlestick closings, it may aim to carry its upward trend to the 8-hour resistance range between $31,000 and $31,300.
