- Bitcoin experienced a rise of more than 2% today.
- Bitcoin needs to break the $27,900 level to continue its upward movement!
- Important levels that Bitcoin investors should follow!
Will Bitcoin continue its upward movement? What will be the future of Bitcoin? Current BTC analysis!
Medium-Term Bitcoin Price Analysis!
12 Hour Bitcoin Price Chart Source: TradingView
When we examine Bitcoin’s 12-hour Bitcoin price chart, we see that it has risen from the important support level of $26,100 to $27,550 with strong buying.
If the Bitcoin price makes daily candlestick closes above the $27,900 level mentioned in the analysis, it will break the downtrend and the upward trend target will be $29,600.
If the Bitcoin price closes daily candlesticks above the $29,600 level, the next upward target will be around $31,000.
If Bitcoin cannot make daily candlestick closes above the critical resistance level of $27,900, it may continue its downward movement from this level. If Bitcoin cannot break the resistance, the downward target will be $26,100.
