Bitcoin

<ul><li>Bitcoin couldn’t stay above the 31K resistance level</li><li>Sellers seem to be dominant in Bitcoin</li><li>Bitcoin’s 24-hour volume has decreased by 25%.</li></ul>Will Bitcoin continue to rise? Where are the strong support and resistance levels for Bitcoin? Current Bitcoin analysis!<h2 id="header-0">Medium-Term Bitcoin Price Analysis!</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e57bc7ea9a1d4bc2a89fb35dcd834d96.png" />8 Hour Bitcoin Price Analysis Source: TradingViewWhen we examine the price chart of Bitcoin in the 8-hour time frame, it continues to move in the middle of the important resistance and support range.If the Bitcoin price makes daily candlestick closes above the 31,000$ resistance level, it can continue its upward movement up to the 32,100$ levels.If the Bitcoin (BTC) price cannot break the 31,000$ resistance level, it can realize the downward movement towards the strong support zone of 29,700$.If the Bitcoin price encounters purchases from the strong support zone of 28,700$, it can initiate the upward movement again from this zone.If Bitcoin rises with strong purchases from this support zone, it can realize its rise up to the 30,500$ levels.Continue Reading: <a href="https://en.coinotag.com/can-bitcoin-criticism-break-its-resistance-btc-commentary-analysis/" rel="noopener noreferrer nofollow">https://en.coinotag.com/can-bitcoin-criticism-break-its-resistance-btc-commentary-analysis/</a>

Can Bitcoin Criticism Break Its Resistance? BTC Commentary Analysis!

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