Will Bitcoin continue to rise? Where are the important support and resistance levels of Bitcoin? Current Bitcoin analysis!
- Bitcoin experienced a drop to the levels of $29,100 today.
- Bitcoin couldn’t break the critical resistance range of $29,800.
- If Bitcoin closes the daily candle above the level of $30,500, where is its target?
Will Bitcoin continue to rise? Where are the important support and resistance levels of Bitcoin? Current Bitcoin analysis!
Medium-Term Bitcoin Price Analysis!
4 Hour Bitcoin Price Chart Source: TradingView
When we examine the 4-hour price chart of Bitcoin, we see that it faced selling pressure from the important resistance range of $30,100 – $29,800.
If the Bitcoin price closes the 4-hour candle above the level of $30,100, it can realize a rise to the levels of $31K.
If the Bitcoin price cannot rise above the mentioned resistance range, it can realize a drop to the levels of $26,600.