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Is Bitcoin Preparing for a Rise? Current Bitcoin Analysis!

  • 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?
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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

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.

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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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