Based

Bitcoin

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<li>Bitcoin is moving close to the $26,900 resistance level on the 2-hour price chart.</li>
<li>BTC price has experienced a sudden rise to the $27,077 levels.</li>
<li>For Bitcoin to sustain its upward trend, it is important for it to achieve 4-hour candle closes above the $26,900 level.</li>
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<p><strong>In the past few hours, BTC price has quickly risen to the $27,077 levels. However, for Bitcoin to continue its upward trend, it needs to achieve closes above a certain level.</strong></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/Will-Bitcoin-Continue-to-Rise-June-20-BTC-Analysis.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133869 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Will-Bitcoin-Continue-to-Rise-June-20-BTC-Analysis.png" alt="2-Hour BTC/USD Price Chart" width="1887" height="858" /></a></p>
<p>2-Hour BTC/USD Price Chart</p>
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<p>When we look at Bitcoin&#8217;s 2-hour price chart, we observe that it is moving close to the $26,900 resistance level. In the past few hours, BTC price has reached the $27,077 levels with a sudden rise.</p>
<p>Based on technical analysis, for Bitcoin to sustain its upward trend, it needs to achieve 4-hour candle closes above the $26,900 level.</p>
<p>If Bitcoin can surpass the $26,900 resistance, it can continue its upward movement towards the $27,340 levels.</p>
<p>However, if Bitcoin fails to break the $26,900 resistance, it can extend its downward movement towards the $26,000 levels.</p>
<p>If Bitcoin cannot hold onto the support level at $26,000, it can continue its downward movement towards the $25,583 &#8211; $25,400 range.</p>
<p>If the BTC price falls into this support range, the $25,100 level can be used as a stop loss and long confirmations can be sought.</p>
<p>However, if Bitcoin reverses from the $25,583 &#8211; $25,400 support level, the upward target will be the $27,350 level.</p>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/will-bitcoin-continue-to-rise-june-20-btc-analysis/">Will Bitcoin Continue to Rise? June 20 BTC Analysis</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Will Bitcoin Continue to Rise? June 20 BTC Analysis

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