Bitcoin

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<li>Bitcoin is currently in a critical support zone and has the potential to continue its upward movement as long as it stays above the $24,600 level.</li>
<li>It is observed that the price is moving above the $26,400 resistance.</li>
<li>In the coming days, there is a possibility of a pullback to the $25,871 level for Bitcoin, but this is not a mandatory condition.</li>
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<p><strong>When examining the Bitcoin price chart, it can be seen that the price has made a strong upward movement from the support zone and reached the $26,839 level. Bitcoin can continue its upward trend as long as it stays above the $24,600 level.</strong></p>
<h2 id="strong-medium-term-bitcoin-price-analysis-strong"><strong>Medium-Term Bitcoin Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Price-Forecast-30000-New-Target.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133675 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Price-Forecast-30000-New-Target.png" alt="Daily BTC/USD Price Chart" width="1939" height="857" /></a></p>
<p>Daily BTC/USD Price Chart</p>
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<p>When examining the daily BTC/USD price chart, it can be seen that it has experienced a 7.50% increase from the previously mentioned support zone and reached the $26,839 level.</p>
<p>We have previously mentioned in our analysis articles that Bitcoin is in a critical support zone and will initiate an upward movement as long as it stays above the $24,600 level.</p>
<p>At the time of writing, the Bitcoin price is continuing its movements above the $26,400 resistance. Bitcoin is currently moving at around $26,613.</p>
<h3 id="strong-will-bitcoin-continue-to-rise-strong"><strong>Will Bitcoin Continue to Rise?</strong></h3>
<p>When looking at the technical chart of Bitcoin, it can be observed that there is a possibility of a pullback to the $25,871 level in the coming days. However, this pullback is not a mandatory condition.</p>
<p>If investors who bought Bitcoin at around $25,000 want to realize their profits, the price can pull back to around $25,871.</p>
<p>In order for Bitcoin to fully enter the upward trend, we need to see daily closes above the $27,300 level.</p>
<p>Daily closes above the $27,300 level will enable Bitcoin to target the $30,000 level.</p>
<h2 id="strong-short-term-bitcoin-price-analysis-strong"><strong>Short-Term Bitcoin Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1686999522_184_Bitcoin-Price-Forecast-30000-New-Target.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133680 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1686999522_184_Bitcoin-Price-Forecast-30000-New-Target.png" alt="4-hour BTC/USD Price Chart" width="1939" height="857" /></a></p>
<p>4-hour BTC/USD Price Chart</p>
<p>When examining the 4-hour technical chart of Bitcoin, it can be observed that the price is moving near an important resistance zone.</p>
<p>If the BTC price closes above the previously mentioned $26,900 level on a 4-hour basis, it can continue its upward trend.</p>
<p>However, if the BTC price fails to surpass the $26,900 resistance, it has the potential to make a price movement as indicated in the above chart.</p>
<p>A possible scenario in the Bitcoin price is a rise after a drop to around $25,800. As long as the Bitcoin price continues to close above the $25,800 level, the $27,300 level can be considered as a target.</p>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-price-forecast-30000-new-target/">Bitcoin Price Forecast: $30,000 New Target?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Bitcoin Price Forecast: $30,000 New Target?

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