Bulls vs Bears: Where is Bitcoin (BTC) Price Heading? - Coinleaks
Current Date:September 21, 2024

Bulls vs Bears: Where is Bitcoin (BTC) Price Heading?

The battle for 30 thousand dollars in Bitcoin (BTC) continues, how can this process where bulls and bears struggle, how can it progress?

again after June 2022 30,000 dollarsseeing the levels The leading cryptocurrency is escalating the bull and bear war.Rising to 30,000 dollars in the night hours of April 11 BTC has been hovering in the $30,500 – $29,900 range since those hours. . In order to determine the winner of the bull and bear war, it is necessary to clearly observe the price movements. Another criterion is the crypto industry. he has a big sayIt’s the “news stream”. We can say that the news flow will have a significant share in the next pricing of BTC.

Bitcoin (BTC) Chart Analysis

BTC, which exceeded $ 30,000 in the night of April 11, instantly for 30,425 dollars had risen to the R level. With the reaction from here, it eased to $ 29,900 levels. In a short time frame, these ranges form a price area. BTC continues its pricing by touching support and resistance.

First head for BTC to target higher levels 30,500 dollars Permanence above the level should be followed. According to the reaction he will get from this value, respectively, $31,000 and $32,400levels can be expected. In the event that the bears gain strength, the $29,400 – 28,750 – $28,250 levels, respectively, will likely act as support.

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