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

Analysis
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  • 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?
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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

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.

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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.

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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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