Short-Term Bitcoin Price Analysis! Could it Begin to Rise?

• Bitcoin price experienced a drop today to levels of $27,220.
• Can Bitcoin price start rising again?
• What are the critical levels that Bitcoin investors should follow?

Can Bitcoin initiate a rise? Why should Bitcoin investors follow the $27,000 level? Current Bitcoin Price Analysis!

Short-Term Bitcoin Price Analysis!

30 Minute Bitcoin Price Chart Source: TradingView

When we examine the short-term price chart of Bitcoin, it can be seen that it is trying to find support from the important level of $27,300 – $27,000.

If BTC price continues to make 4-hour candlestick closures above the $27,000 level mentioned in the analysis, it may want to start the rise from this area.

If the Bitcoin price continues to make 30-minute candlestick closures above the $27,200 level in the short term, the rise target may experience an increase up to the level of $27,874.

If the BTC price continues to make 4-hour candlestick closures above the $28,000 level, the rise target will be the level of $28,400.