- 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?
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Will Bitcoin continue to rise? What is the future of Bitcoin? Bitcoin Price Prediction! Current Bitcoin Analysis!
Short-Term Bitcoin Price Analysis!
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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.
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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.