- The range of $24,600 – $25,200 is seen as an important support range in Bitcoin’s daily price chart.
- If the BTC price continues to close above the $24,600 level on a daily basis, it has the potential to rise to levels of $28,000.
- In Bitcoin’s 15-minute technical chart, the $24,700 level is being observed as an important resistance, and a target of $25,400 has been set.
While specific support and resistance levels are observed in Bitcoin’s daily price chart, the range of $24,600 – $25,200 stands out as an important region.
Medium-Term Bitcoin Price Analysis
Daily BTC/USD Price Chart
When examining Bitcoin’s daily price chart, it can be seen that the price is moving within an important support range of $24,600 – $25,200.
If the BTC price continues to close above the $24,600 level as stated in the analysis, it can continue its upward movement towards the $28,000 levels.
Bitcoin price level of $24,600 corresponds to the weekly support zone. If the BTC price accepts this level as support, it has the potential to initiate its upward movement from this region.
However, if the Bitcoin price fails to hold onto the $24,600 level, it can expand its downward movement towards the $24,100 levels.
Bitcoin’s daily price chart can be an important reference point for investors. Especially, the closures above the $24,600 level and the support range of $24,600 – $25,200 emerge as important levels to be considered in determining the future movements of the price.
Short-Term Bitcoin Price Analysis
15 Minute BTC/USD Price Chart
When examining Bitcoin’s 15-minute technical chart, it can be seen that after the downward movement it experienced last night, it started to rise with the initiation of liquidity buying.
BTC price can target the $25,400 levels as long as it does not close below the mentioned $24,700 level in the analysis.
In order for Bitcoin to reach the $25,400 levels again, it needs to break the resistance zone at the $25,200 level and close above it.
Bitcoin’s 15-minute technical chart can be an important resource for investors conducting short-term trades. The sustainability above the $24,700 level and surpassing the $25,200 resistance can strengthen the expectations of an upward movement.
