#Bitcoin Momentum Strong As BTC Anchors on $25k
Past Performance of Bitcoin
Bitcoin's march higher continues as of writing. From the daily chart, BTC buyers continue to step up their accumulation, pushing prices higher. BTC may extend their gains, building on recent progress, in continuation of the bullish breakout formation above February highs. The next feasible target stands at $32k.
#Bitcoin Technical Analysis
Bulls are solid and upbeat per the technical candlestick arrangement in the daily chart. Bars are still along the upper BB, and the short-term trend is defined. Since trading volumes are also expanding, traders can look to ride this rally, buying on dips above $25k or February highs. BTC may continue ripping higher at this pace, breaking strongly above May's key reaction points to $32k as the coin recovers after last year's sharp losses.
What to Expect From #BTC?
The uptrend is clear, and BTC is trading above crucial resistance lines. Since bulls are in control and the upside momentum defined, the immediate reaction level that traders can watch out for is the $30k psychological point and, later, $32k.
Resistance level to watch out for: $32k
Support level to watch out for: $25k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin's march higher continues as of writing. From the daily chart, BTC buyers continue to step up their accumulation, pushing prices higher. BTC may extend their gains, building on recent progress, in continuation of the bullish breakout formation above February highs. The next feasible target stands at $32k.
#Bitcoin Technical Analysis
Bulls are solid and upbeat per the technical candlestick arrangement in the daily chart. Bars are still along the upper BB, and the short-term trend is defined. Since trading volumes are also expanding, traders can look to ride this rally, buying on dips above $25k or February highs. BTC may continue ripping higher at this pace, breaking strongly above May's key reaction points to $32k as the coin recovers after last year's sharp losses.
What to Expect From #BTC?
The uptrend is clear, and BTC is trading above crucial resistance lines. Since bulls are in control and the upside momentum defined, the immediate reaction level that traders can watch out for is the $30k psychological point and, later, $32k.
Resistance level to watch out for: $32k
Support level to watch out for: $25k
Disclaimer: Opinions expressed are not investment advice. Do your research.
