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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

SEC Greenlights Ethereum (ETH) ETF Funds, Paving Way for Crypto Investment Surge

The crypto industry has seen rapid advancements...

5 Hollywood Stars Investing in Altcoins: Top Crypto Picks Including BTC, ETH, and More

<ul> <li>Hollywood's leading actors are increasingly showing interest...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

How Elections Impact Bitcoin (BTC) and Ethereum (ETH) Prices: A Comprehensive Analysis

<ul> <li>Crypto investors have recently endured challenging market...

Analysis Firm Reveals Key Drivers Behind Bitcoin (BTC) Recent Surge

<ul> <li>Bitcoin's recent price recovery has been analyzed...
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.
spot_imgspot_imgspot_imgspot_img

BTC & ETH Price Surge: Is the Bull Run Over? In-Depth Analysis of Bitcoin (BTC) and Ethereum (ETH)

The prices of Bitcoin (BTC) and Ethereum (ETH) ended the just-ended week on a positive note. As a result, the last...

How Elections Impact Bitcoin (BTC) and Ethereum (ETH) Prices: A Comprehensive Analysis

<ul> <li>Crypto investors have recently endured challenging market conditions, with Bitcoin (BTC) plummeting to $15,500, even falling below the 2021 all-time high.</li> ...

Shiba Inu (SHIB) Price Analysis: Can SHIB Surge Past $0.0000259 Amid Market Optimism?

Shiba Inu fails to break out of a bullish flag pattern, but there are chances that the trend will change. SHIB...