- Our analysis for Bitcoin yielded a 3% gain.
- Will Bitcoin continue to have daily candlestick closes above the critical resistance level of $28,600?
- Where are the important support and resistance levels that Bitcoin investors should follow?
Will Bitcoin continue to rise? What is the future of Bitcoin? Bitcoin Price Prediction! Current Bitcoin Analysis!
Short-Term Bitcoin Price Analysis!
2 Hour Bitcoin/Dollar Price Chart Source: TradingView
When we examine the short-term price chart for Bitcoin, it has experienced a 3% increase from the region we shared yesterday and is trying to hold on to the support level of $28,278 with a 2-hour timeframe at the time of writing.
Click here to review our previous Bitcoin analysis.
If the Bitcoin price can continue to have 2-hour candlestick closes above the support level of $28,278 mentioned in the analysis, it can reach the next target of $29,400 mentioned in the analysis.
If the Bitcoin price can make daily candlestick closes above the $29,400 level, the next target will be around $30,460.
Medium-Term Bitcoin Price Analysis!
12 Hour Bitcoin/Dollar Price Chart Source: TradingView
When we examine the medium-term price chart for Bitcoin, it has made a downward movement despite making 12-hour candlestick closes above the important resistance level of $28,300.
If the Bitcoin price cannot make daily candlestick closes above the $28,300 level mentioned in the analysis, it can make a downward movement towards the $27,260 level.
If Bitcoin makes daily candlestick closes below the $27,260 level, the next downward target may be $26,585.
Critical Levels Bitcoin Investors Should Follow! This news was first published on CoinOtag.
