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Bitcoin’s Decline Movement May Continue! Current BTC Analysis

  • Bitcoin’s 24-hour transaction volume dropped to $12,812,011, a decrease of 5.11%.
  • What will happen if Bitcoin cannot hold onto the $26,400 support?
  • What levels should Bitcoin investors follow?

In this article, we will focus on the analysis results based on Bitcoin’s 2-hour candlestick chart. The article will address possible scenarios of rise and fall by providing information about specific support and resistance levels of Bitcoin. While this information provides valuable guidance for investors, the article is purely informative and does not contain investment advice.

Short-Term Bitcoin Price Analysis

2 Hour Bitcoin Price Chart Source: TradingView

2 Hour Bitcoin Price Chart Source: TradingView

When Bitcoin’s 2-hour candlestick chart is examined, it is observed that it continues its downward movement within the important support range of $26,475 to $26,153.

If Bitcoin manages to hold onto this support range, it can initiate an upward movement from this level to $28,200.

However, if Bitcoin closes a 2-hour candlestick above the $26,153 level, it can initiate an upward movement from the mentioned range according to the analysis.

Therefore, it is important for investors to monitor the specified support and resistance levels of Bitcoin and observe how these levels react. These reactions can provide important information about the direction of price movement.

Bitcoin’s Volume Experienced a Decrease in the Last 24 Hours!

Bitcoin’s 24-hour transaction volume decreased by 5.11% to $12,812,011.

At the time of writing, Bitcoin was trading at $26,630. Although many investors think that Bitcoin will continue its downward trend, some analysts point out that Bitcoin has the potential to move to new highs from these levels.

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Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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