Hey crypto enthusiasts, let’s dive into the recent exciting movements in Bitcoin’s price!
The growth in Bitcoin's price over the past few days can trigger a new wave of demand and bring the price of Bitcoin to the predetermined short-term targets. After showing good reactions to the $25,000 support, Bitcoin managed to enter the $27,000 channel and hit the previous ceiling. Due to the existence of several minor support and resistance zones along the current price path, there is a possibility of forming small range channels. However, considering the good support at the $26,200 area, we observed this upward movement in the past few days. So, as long as the $26,200 support is maintained, we can consider the $28,800 area as a target for Bitcoin.
Keep an eye on that $26,200 support; if it holds, we might just be on a rocket to $28,800! Happy trading!
The growth in Bitcoin's price over the past few days can trigger a new wave of demand and bring the price of Bitcoin to the predetermined short-term targets. After showing good reactions to the $25,000 support, Bitcoin managed to enter the $27,000 channel and hit the previous ceiling. Due to the existence of several minor support and resistance zones along the current price path, there is a possibility of forming small range channels. However, considering the good support at the $26,200 area, we observed this upward movement in the past few days. So, as long as the $26,200 support is maintained, we can consider the $28,800 area as a target for Bitcoin.
Keep an eye on that $26,200 support; if it holds, we might just be on a rocket to $28,800! Happy trading!
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