Thank you for reading our update. Please remember that this is not advice for trading.
Bitcoin (BTC) has faced challenges since it dropped below $30,000. Since then, it has been following a relatively stable trend. Since $24,200 BTC is working towards reaching the $30,000 mark again. We have observed that $24,600 is a strong level of support, but it's essential to consider the timeframe, which needs confirmation.
The confirmation of a new upward trend might occur between $27,000 and $27,500. Until that happens, it's advisable to monitor the trend and see if BTC can confirm this positive movement based on technical data. If it does, BTC may have the potential to climb back to $30,000.
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If BTC is able to gain $27,000 and $27,500 confirmation, it has a high potential to return back 30K with the possibility of a new bull run.
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BTC is Still in the confirmation zone. 27500 can be a history change if it's able to get confirmation.
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High orders placed for the next break from 27500 Confirmation
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BTC can enter at any time the bulltrend by confirmation.
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The next hours and days can be very important for the BTC bulltrend.
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After 2H BTC seems to make new volume for the BULLTREND.
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Stable volume for BTC is healthy to confirm the last trading zone 27500 with the possibility for increase up 29K
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BTC IN BULLTREND
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BTC is up to the important level of $27500 and is able to visit 29K in the coming time frames when the trend holds the important FWB:27K level.