Bitcoin

Momentum

Daily

<ul> 
 <li>Bitcoin has the potential to continue its upward movement above the $30,300 level.</li> 
 <li>It is important for BTC to break the $31,000 resistance and sustain above it for the continuation of the upward trend.</li> 
 <li>The $28,600 support and $29,600 level are important support zones for Bitcoin.</li> 
</ul> 
When analyzing Bitcoin’s technical chart, it can be observed that the price is moving above the $30,300 level and if it surpasses the $31,000 resistance, the upward movement could accelerate. However, support and resistance levels should be carefully monitored. 
<h2 id="strong-medium-term-bitcoin-price-analysis-strong">Medium-Term Bitcoin Price Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Price-Target-Where-is-the-Upward-Momentum-Heading-What.png"><img decoding="async" class=" td-modal-image alignnone wp-image-134149 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Price-Target-Where-is-the-Upward-Momentum-Heading-What.png" alt="Daily BTC/USD Price Chart" width="2041" height="858"></a> Daily BTC/USD Price Chart 
When analyzing Bitcoin’s technical chart, it can be seen that the price is moving below the daily resistance zone of $31,000. Currently, the BTC price is trading around $30,580. 
For BTC to sustain its upward movement in the coming days, it is important for it to make daily candlestick closes above the $31,000 level. In this case, the next target level could be considered as $32,300. However, investors are hesitant to trade without observing closes above the resistance level. 
Bitcoin’s price can continue its upward movement by surpassing and maintaining stability above the mentioned $31,000 resistance. In the initial stage, the target could be $32,300, and then it could move towards $34,000 levels. 
However, Bitcoin first needs to break the $31,000 resistance and sustain above it. Otherwise, it could extend the downward movement towards the mentioned $28,600 level. 
Before reaching the $28,600 support, there is an important support zone at the $29,600 level. As long as BTC stays above the $29,600 level, the upward trend can continue. 
<h2 id="strong-short-term-btc-price-analysis-strong">Short-Term BTC Price Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687609354_739_Bitcoin-Price-Target-Where-is-the-Upward-Momentum-Heading-What.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134151 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687609354_739_Bitcoin-Price-Target-Where-is-the-Upward-Momentum-Heading-What.png" alt="30 Minutes BTC/USD Price Chart" width="1734" height="858"></a> 
30 Minutes BTC/USD Price Chart 
When analyzing Bitcoin’s short-term technical chart, it can be observed that the price is moving above the $30,300 support. If BTC makes half-hourly candlestick closes above the $30,300 level, it can resume the upward movement towards $31,400 levels. 
If the Bitcoin price makes a strong close above the $31,400 level, the next target could be around $32,000. However, if BTC makes hourly candlestick closes below the $30,300 support, it could extend the downward movement towards $30,000 levels. 
If Bitcoin closes below the $30,000 level, it is possible for the downward trend to continue towards $29,800 levels. 
The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-price-target-where-is-the-upward-momentum-heading-what-levels-are-investors-anticipating/">Bitcoin Price Target: Where is the Upward Momentum Heading? What Levels are Investors Anticipating?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Bitcoin Price Target: Where is the Upward Momentum Heading? What Levels are Investors Anticipating?

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