Bitcoin

Resistance

Rekt

<p>According to crypto YouTuber <a href="https://twitter.com/rovercrc/status/1714537042984464407" target="_blank" rel="noopener noreferrer nofollow">Crypto Rover</a>, Bitcoin is currently testing significant overhead resistance around the $28,600 level.</p>
<p>In a recent tweet, Crypto Rover noted that if Bitcoin can close above $28,600 on the daily chart, the next target of $31,500 could be reached “very quickly.”</p>
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<p>Bitcoin has been hovering around $28,000 after its recent surge to $30,000 following the fake BlackRock Bitcoin ETF approval report.</p>
<p>Breaking out of this long-held range requires reclaiming key levels like $28,600 that have capped previous recovery attempts. Sustaining above these resistances would signal a potential trend reversal.</p>
<p>While Crypto Rover is eyeing a move to $31,500 should Bitcoin confirm a breakout, other analysts like Rekt Capital say Bitcoin has long ago broken its macro downtrend.</p>
<p>But downside risks remain if Bitcoin fails to breach overhead resistances.&nbsp;For now, the market awaits whether Bitcoin can garner enough momentum to crack these barriers and confirm the start of a new bullish impulse. The ability to stage decisive breakouts will determine if a prolonged recovery can develop.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/bitcoin-could-reach-31500-very-quickly-if-it-breaks-this-resistance-level-according-to-top-analyst-heres-his-btc-outlook/">Bitcoin Could Reach $31,500 ‘Very Quickly’ If It Breaks This Resistance Level According to Top Analyst – Here’s His BTC Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Could Reach $31,500 ‘Very Quickly’ If It Breaks This Resistance Level According to Top Analyst – Here’s His BTC Outlook

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