Bitcoin price remains strong above the support level of $34,000. BTC has climbed higher above the resistance levels of $34,500 and $34,650 to initiate another upward movement.
On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle.
A clear move above the $35,250 resistance level could open up opportunities for further advancement towards the $35,500 resistance level. The next important resistance level could be $36,000, above which the price could rise to $37,000. Any further gains could potentially take BTC to $37,500.
Continued downward movement in BTC?
If Bitcoin fails to surpass the $35,250 resistance level, it may continue its downward movement. Immediate support on the downside is near the $34,500 low.
The next major support is around the $34,150 level. If there is a move below the $34,150 level, there is a risk of more downside. In the mentioned case, the price could even decline below the $34,000 support level in the near future.
Key support levels - $34,500, followed by $34,150.
Key resistance levels - $35,050, $35,250, and $35,500.
On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle.
A clear move above the $35,250 resistance level could open up opportunities for further advancement towards the $35,500 resistance level. The next important resistance level could be $36,000, above which the price could rise to $37,000. Any further gains could potentially take BTC to $37,500.
Continued downward movement in BTC?
If Bitcoin fails to surpass the $35,250 resistance level, it may continue its downward movement. Immediate support on the downside is near the $34,500 low.
The next major support is around the $34,150 level. If there is a move below the $34,150 level, there is a risk of more downside. In the mentioned case, the price could even decline below the $34,000 support level in the near future.
Key support levels - $34,500, followed by $34,150.
Key resistance levels - $35,050, $35,250, and $35,500.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.