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- Bitcoin experienced more than 3% increase today.
- Bitcoin’s Market Value is currently moving at levels of $585,740,457,280 with a 2% increase today.
- Will Bitcoin be able to surpass the critical resistance level of $31,000?
Will Bitcoin continue to rise? Where are the critical support and resistance levels of Bitcoin? Current Bitcoin analysis!
Medium-Term Bitcoin Price Analysis!
Bitcoin Price Chart Source: TradingView
When we examine the current price chart of Bitcoin, it is moving close to the important resistance level of $30,800.
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If the Bitcoin price can achieve 4-hour candlestick closures above the level of $30,850 indicated in the price analysis visual, it can continue its upward movement.
With candlestick closures above the level of $30,850, the Bitcoin price can rise up to the levels of $32,000.
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If the Bitcoin (BTC) price cannot achieve candlestick closures above the level of $30,850, it can repeat its downward movement up to the levels of $29,600.
When we examine the important support levels of Bitcoin, it has a critical support at the level of $29,186. As long as the Bitcoin price stays above the level of $29,186, it will want to achieve its rise up to the levels of $32,000.
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Bitcoin’s Critical Support and Resistance Levels!
| Strong Support Levels |
$29,624 – $29,186 |
| Strong Resistance Levels |
$30,850 – $32,000 |
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