Bitcoin

<ul><li>According to Bitcoin’s short-term technical analysis, hourly candlestick closures above the $26,125 level support the upward movement.</li><li>According to Bitcoin’s medium-term price analysis, the $25,400 level is identified as an important support zone.</li><li>Bitcoin’s daily closes above the $27,300 level indicate that the uptrend could strengthen.</li></ul>According to Bitcoin’s technical analysis, the $26,120 resistance level is an important point in the short-term chart, but the $25,400 level stands out as an important support in the medium-term analysis.<h2 id="header-0">Medium-Term Bitcoin Price Analysis</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ef223748c50c4331a9b09d5ae2e7f4de.png" />Daily BTC/USD Price ChartWhen Bitcoin’s medium-term price chart is examined, it can be seen that the $25,400 level is an important support zone.<a href="https://en.coinotag.com/altcoin-exchange-1333421" rel="noopener noreferrer nofollow">Newly Released Coins With Plenty of Zeros - Click Here to Buy at a Low Fee Before Anyone Else!</a>If the BTC price continues to stay within the triangle formation mentioned in the analysis, it can realize the upward movement up to the $26,800 levels.If Bitcoin stays above the $25,300 level and finds buyers at this level, an upward movement towards the $26,800 – $27,250 range can be observed.If the Bitcoin price closes above the $27,300 level on a daily basis, the market trend can turn into an uptrend and upward movements can be observed in altcoins as well.In summary, according to Bitcoin’s medium-term price analysis, the $25,400 level should be followed as an important support zone and the $26,800 level is a critical resistance point for the upward movement.<h2 id="header-1">Short-Term Bitcoin Price Analysis</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/76ae550dd5f945f298c64af0da06417e.png" />1 Hour BTC/USD Price ChartWhen Bitcoin’s short-term technical chart is examined, it can be seen that it trades around the important resistance level of $26,120 in the hourly chart.<a href="https://en.coinotag.com/altcoin-exchange-1333421" rel="noopener noreferrer nofollow">Newly Released Coins With Plenty of Zeros - Click Here to Buy at a Low Fee Before Anyone Else!</a>If the BTC price achieves hourly candlestick closures above the $26,125 level, it can sustain the upward movement up to the next resistance zone of $26,350 levels.However, if the Bitcoin price trades below the $26,125 level and cannot overcome the resistance, it can extend the downward movement to the $25,600 – $25,400 range.In summary, according to Bitcoin’s short-term technical analysis, the $26,120 level should be followed as an important resistance point and the $26,125 level must be surpassed for the upward movement.Source: <a href="https://en.coinotag.com/bitcoin-price-forecast-will-it-trigger-an-upward-movement/" rel="noopener noreferrer nofollow">https://en.coinotag.com/bitcoin-price-forecast-will-it-trigger-an-upward-movement/</a>

Bitcoin Price Forecast: Will it Trigger an Upward Movement?

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