- Bitcoin rose to levels of $29,500 today.
- Which level should Bitcoin break to continue its upward movement?
- Where are the important support and resistance levels that Bitcoin investors should follow?
Will Bitcoin continue to rise? What is the future of Bitcoin? Bitcoin Price Forecast! Current Bitcoin Analysis!
Short-Term Bitcoin Price Analysis!
2 Hour Bitcoin Price Chart Source: TradingView
When the Bitcoin price chart is examined, it can be seen that it experienced a decline after encountering sales at the important resistance level of $29,400.
Bitcoin price needs to make 2-hour candlestick closings above the $29,400 level to continue its upward movement.
Bitcoin gained 4% from the mentioned area and yielded profits. To view the previous Bitcoin analysis, click here.
The Bitcoin price rose above the resistance level of $28,600 and continued to make candlestick closings above this resistance.
As long as Bitcoin continues to make candlestick closings above the $28,600 level, it can continue its upward movement to levels of $30,500. If Bitcoin cannot make closings above the $28,400 level, it may continue its downward movement.
Is Bitcoin Preparing for a Rise? Current Bitcoin Analysis! This news was first published on CoinOtag.
