Is Bitcoin Preparing for a New Rise? Current BTC Commentary and Analysis!
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Is Bitcoin Preparing for a New Rise? Current BTC Commentary and Analysis!

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1yr ago

Will Bitcoin continue to rise? Where are the critical support and resistance levels of Bitcoin? Current Bitcoin analysis!

Is Bitcoin Preparing for a New Rise? Current BTC Commentary and Analysis!

Table of Contents

  • Bitcoin experienced more than 3% increase today.
  • Bitcoin’s Market Value is currently moving at levels of $585,740,457,280 with a 2% increase today.
  • Will Bitcoin be able to surpass the critical resistance level of $31,000?

Will Bitcoin continue to rise? Where are the critical support and resistance levels of Bitcoin? Current Bitcoin analysis!

Medium-Term Bitcoin Price Analysis!

Bitcoin Price Chart Source: TradingView

When we examine the current price chart of Bitcoin, it is moving close to the important resistance level of $30,800.

If the Bitcoin price can achieve 4-hour candlestick closures above the level of $30,850 indicated in the price analysis visual, it can continue its upward movement.

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