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If Bitcoin Breaks Its Weekly Support, Where Will Its Target Be? Current BTC Analysis!

  • Bitcoin has been experiencing a downward trend for the past 2 weeks.
  • Where are Bitcoin’s critical support and resistance levels?
  • If Bitcoin breaks the $27,000 support, where will the target for the downward trend be?

Will Bitcoin experience a drop to $25,000? What level must be broken for Bitcoin’s price to rise? Current Bitcoin analysis!

Weekly Bitcoin Price Analysis! Will There Be an Upward Trend?

Weekly Bitcoin Price Chart Source: TradingView

Weekly Bitcoin Price Chart Source: TradingView

If Bitcoin’s price continues to close weekly candles above the $26,600 level mentioned in the analysis, it can achieve an upward trend back up to the $30,000 level.

Bitcoin’s price is in an upward trend as long as it stays above the $26,600 level mentioned in the analysis.

If Bitcoin’s price closes weekly candles below the $26,600 level, the target for the downward trend will be $25,200.

Closing weekly candles below the $25,200 support could cause the downward trend to drop to the range of $24,000 – $22,000.

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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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