Bitcoin Price Analysis: Will the Upward Trend Continue?

After experiencing a 4% increase today, Bitcoin saw a drop of over 5% in altcoins. Will the Bitcoin price continue to fall? How will this affect altcoins? We bring you the latest Bitcoin analysis.

What Can Bitcoin Investors Expect? Medium-Term Price Analysis!

BTC/USD Daily Price Chart Source: TradingView
BTC/USD Daily Price Chart Source: TradingView

When we examine the current price analysis of Bitcoin, we see that it experienced a drop to support levels of $26,600 after encountering sales from the important resistance zone of $28,600.

If we share the important support and resistance zones of Bitcoin with you, Bitcoin’s nearest resistance zone is at $28,600. If the Bitcoin price cannot break this resistance zone, it may experience a drop to $26,600.

Bitcoin’s most important support zone is at $26,600. As long as the Bitcoin price continues to close daily candles above this level, it will want to continue the uptrend.

If the Bitcoin price closes daily candles below the $26,600 level, it may experience a drop to the resistance zone (now support) it broke to start the uptrend, which is at $25,250.

Many investors are waiting for Bitcoin to start the uptrend again after dropping to $25,250.

Short-Term Bitcoin Price Prediction: What Should We Expect?

BTC/USDT 2 Hour Price Chart Source: TradingView
BTC/USDT 2 Hour Price Chart Source: TradingView

When we examine the short-term price chart of Bitcoin, we see that it closed candles below the important support zone, which is also the fib support level of $27,730.

Bitcoin may want to make an uptrend movement back to the support level it broke at $27,730.

If it cannot close 2H candles above this price zone, it may continue to drop to the lower support of the horizontal trend at $26,600.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

White House: Trump “Legally” Dismisses Fed Member Lisa Cook — U.S. Dollar Markets Watch as Decision Not Final

COINOTAG News reported on September 10 that the White...

Binance to Auto-Liquidate and Delist BSWUSDTU Inverse Perpetual Contract on September 15, 2025 (17:00 UTC+8)

COINOTAG News, citing official sources, reports that Binance will...

Gemini (GEMI.US) Hikes IPO Price, Fuels 2025 Crypto IPO Boom as Figure (FIGR.US) Also Raises Offering

A BiyaPay analyst identified 2025 as a pivotal year...

Ethereum (ETH) Exit Queue Hits Record 2.17M ETH (~$9.35B) With ~37-Day Wait — Sept 10

COINOTAG News reports that Validator Queue data shows the...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img