spot_imgspot_imgspot_img

Will Bitcoin Continue to Rise? Current BTC Analysis!

  • When examining the hourly price chart of Bitcoin, it can be seen that the $27,465 level stands out as a resistance zone.
  • If the BTC price cannot break through the specified resistance zone, it may move towards the $26,850 levels that we are targeting for a downward movement.
  • If Bitcoin manages to break through the resistance zone and stay above it, it can continue its rise to the $29,500 levels that we are targeting.

When examining the hourly price chart of Bitcoin, it can be seen that there is a certain resistance zone. Hourly candlestick closures above the $27,465 level specified in the analysis may be an important turning point for BTC. If this level is not exceeded, the downward trend may increase.

Medium-Term Bitcoin Price Analysis!

6 Hour Bitcoin Price Chart Source: TradingView

6 Hour Bitcoin Price Chart Source: TradingView

When examining the medium-term price chart of Bitcoin, it can be seen that the $27,150 level is an important resistance zone and Bitcoin is moving above this level.

As we mentioned in our previous analysis, the Bitcoin price has experienced a 2.50% increase by surpassing the $27,150 level. This shows that it is in line with the movements we determined in our previous analysis.

Click Here to Read Our Previous Bitcoin Analysis.

If the Bitcoin price continues to close candles above the $27,150 level, it can continue its rise to the $28,200 levels that we are targeting.

However, if the BTC price falls back below the $27,150 levels and closes candles for 4 hours, it may continue its downward trend and fall to the $26,800 levels.

Short-Term Bitcoin Price Analysis!

Hourly Bitcoin Price Chart Source: TradingView

Hourly Bitcoin Price Chart Source: TradingView

When examining the hourly price chart of Bitcoin, it can be seen that there is a certain resistance zone. The hourly resistance zone specified in the analysis is the $27,465 level, and if Bitcoin cannot close hourly candles above this level, there is a possibility of a downward movement.

If the Bitcoin price cannot break the specified resistance zone, it may realize the downward movement that we are targeting towards the $26,850 levels.

However, if the Bitcoin price manages to break through the resistance zone and stay above it, it can continue its rise to the $29,500 levels that we are targeting.

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

XRP Surges Over 9%: Analysts Eye $2 Milestone Amid Altcoin Rally

This article explores the recent surge in XRP's value, surpassing the $0.64 threshold, and the optimistic projections by market analysts for its potential to reach $2, marking a significant milestone amid the altcoin rally.

Bitcoin BTC’s Resilience Shines as Over 1 Million Addresses Fuel Accumulation Surge

In a recent display of resilience, Bitcoin edges close to its all-time highs, buoyed by significant accumulation from over 1 million addresses and insights from leading analysts predicting a bullish market cycle.

Bitcoin Hits Local High with 97% of Addresses in Profit: A Look into HODLer Sentiments

In the wake of Bitcoin's surge to a new local high, an impressive 97% of BTC addresses are now in profit, reflecting robust market health. However, the cautious stance of long-term holders signals mixed market sentiments.

Bitcoin Cash Surges 40% Ahead of Halving and Jessica Upgrade!

In a remarkable 24-hour period, Bitcoin Cash (BCH) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency.

Bitcoin Hits New 2024 High: 671,000 BTC Accumulated by Whales in Key Demand Zone

Bitcoin's impressive rally to a new 2024 high is underpinned by a massive accumulation of 671,000 BTC by one million addresses, highlighting strong investor confidence and setting a robust support level.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
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

Bitcoin BTC’s Resilience Shines as Over 1 Million Addresses Fuel Accumulation Surge

In a recent display of resilience, Bitcoin edges close to its all-time highs, buoyed by significant accumulation from over 1 million addresses and insights from leading analysts predicting a bullish market cycle.

Bitcoin Hits Local High with 97% of Addresses in Profit: A Look into HODLer Sentiments

In the wake of Bitcoin's surge to a new local high, an impressive 97% of BTC addresses are now in profit, reflecting robust market health. However, the cautious stance of long-term holders signals mixed market sentiments.

Bitcoin Cash Surges 40% Ahead of Halving and Jessica Upgrade!

In a remarkable 24-hour period, Bitcoin Cash (BCH) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency.