Bitcoin has closed its monthly cycle! What is its new target?

  • Bitcoin’s 2-hour price chart is trying to strengthen and move up from the Fibonacci support range.
  • If Bitcoin’s price makes 4-hour candlestick closures above the level of $27,630, it can continue its upward trend.
  • We need to see daily candlestick closures above the level of $28,450 to break Bitcoin’s downward trend.

When Bitcoin’s price chart is examined, it can be seen that it is trying to strengthen and move up from the Fibonacci support range. Closures above the levels mentioned in the analysis can increase Bitcoin’s potential to continue its upward trend. However, it is important to overcome certain resistance levels.

Medium-Term Bitcoin Price Analysis

4 Hour BTC/USD Price Chart

When Bitcoin’s 4-hour price chart is examined, it can be seen that the upward movement started from the gray area mentioned in the previous analysis.

If Bitcoin stays above the gray zone level of $26,350 mentioned in the analysis, it can continue its upward trend up to the level of $29,600.

However, Bitcoin must first make 4-hour candlestick closures above the level of $28,450 to rise to the level of $29,600.

If Bitcoin makes daily candlestick closures above the level of $28,450, it can start its upward trend towards the target of $29,600. However, if Bitcoin cannot break the resistance level of $28,450, it can expand its downward movement up to the level of $26,100.

Short-Term Bitcoin Price Analysis

2 Hour BTC/USD Price Chart

2 Hour BTC/USD Price Chart

When Bitcoin’s 2-hour price chart is examined, it can be seen that it is trying to start its upward movement from the weak purchases in the previous Fibonacci support range of $27,225 – $26,930.

If Bitcoin makes 4-hour candlestick closures above the level of $27,630 mentioned in the analysis, it can aim to continue its upward trend. However, we need to see daily candlestick closures above the level of $28,450 to break Bitcoin’s downward trend.

If Bitcoin cannot break this resistance zone, it can expand its downward movement up to the level of $25,800.

BREAKING NEWS

Binance Launches $4B “Together Initiative” — $3B Token Vouchers & $1B Loans to Aid BNB Traders Hit by Volatility

The global cryptocurrency ecosystem has endured marked turbulence, prompting...

Grayscale Deposits 1,856 Bitcoin (~$205.8M) to Coinbase Prime on Oct. 14 — Also Moves 29,718 ETH & 10,516 SOL

COINOTAG reported on October 14 that on-chain tracker Lookonchain...

Binance Launches $400 Million Together Initiative to Support Users Amid Market Turmoil: Announcement

Binance Launches $400 Million Together Initiative to Support Users...

Binance Delists ANKR Margin Pairs (Isolated & Cross) on Oct 16, 2025 — Close Positions by 06:00 UTC

Binance has announced it will delist specific leverage trading...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img