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Has Bitcoin Started Its Bullish Movement? Current Bitcoin Analysis!

Analysis
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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

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.

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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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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