“If Bitcoin Breaks This Level, Altcoins Will Continue Their Upward Trend!”

Bitcoin and cryptocurrencies continue their upward trend. Although Bitcoin experienced a -0.24% drop today, it continues its upward trend. However, Bitcoin is moving close to a critical resistance level. We will share the current Bitcoin analysis with you.

Bitcoin Must Break This Level for the Upward Trend!

If Bitcoin Breaks This Level Altcoins Will Continue Their Upward

12 Hour Bitcoin Price Chart Source: TradingView

When we examine the Bitcoin price chart, we see that it experienced a drop after encountering sales at the 28,600$ resistance level.

Although the Bitcoin price has tested the 28,600$ resistance level four times, it has not been able to make daily candlestick closures above this level. Bitcoin (BTC) can continue its upward trend if it makes daily candlestick closures above the 28,600$ level mentioned in the analysis.

We can see that altcoins continue their upward movements when the Bitcoin price is above 28,600$.

How Can Bitcoin Move in the Short Term?

1680637594 205 If Bitcoin Breaks This Level Altcoins Will Continue Their Upward

2 Hour Bitcoin Price Chart Source: TradingView

When we examine Bitcoin in the short-term price chart, we see that it is trying to hold onto the 28,300$ support with a 30-minute support.

Bitcoin can make an upward movement to the 29,000$ levels again as long as it stays above the 28,300$ support. If the Bitcoin price makes 1-hour candlestick closures below the 28,300$ level, it can drop to the 27,600$ levels.

If Bitcoin stays below the 28,600$ level, it may want to realize its downward movement to the white support (27,100$) area mentioned in the analysis.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Trump’s Tariff Impact: Will Income Taxes Be Eliminated for Americans Under $200K?

On April 27th, COINOTAG reported significant developments regarding economic...

US SEC Approves ProShares Trust’s XRP ETF: A New Era for XRP Futures Trading

In a significant development for crypto investors, the U.S....

Michael Saylor Advocates Bitcoin Accumulation: Stay Humble, Stack Sats

In a recent update from COINOTAG on April 27,...

ProShares Trust XRP ETF Approved by SEC for Public Listing on April 30th

In a significant development for cryptocurrency investors, the U.S....

Bitcoin Faces Significant CEX Outflows: 59,596.75 BTC Withdrawn from Top Exchanges

According to recent data released by Coinglass, over the...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img