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Has Bitcoin Started its Rising Trend? Current Bitcoin Analysis!

Analysis
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  • 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!
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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

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.

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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.

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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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