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- Bitcoin rose to levels of $26,980 today.
- Can the Bitcoin price rise to the level of $29,000?
- If Bitcoin breaks the support level of $26,100, how far can the decline continue?
Where are the important support and resistance levels that Bitcoin investors need to follow? Will BTC price start to rise? Current BTC analysis!
Medium-Term Bitcoin Price Analysis!
12 Hour Bitcoin Price Chart Source: TradingView
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When we examine the medium-term price chart of Bitcoin, we see that it has risen to levels of $26,980 by encountering strong buyers at the important support level of $26,100.
Bitcoin price needs to make daily candlestick closes above the level of $27,100 to continue the upward movement.
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If BTC makes daily candlestick closes above the level of $27,100, the next upward target could be $28,400.
If BTC cannot make daily candlestick closes above the mentioned resistance zone, the downward target may be again $26,100.
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