Short-Term Bitcoin Price Analysis! Could it Begin to Rise?
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
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Contents
- 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.