Hello everyone, today Alselv will write an article about the idea of price increase!
We cannot deny that Bitcoin is rapidly increasing in price, but the possibility of a price decrease is still present. By observing the chart in the 4-hour time frame, we can see that the price has somewhat experienced a significant drop, as indicated by a candlestick formation that suggests a breakout from the $36,378 level is imminent. The current support level is $35,569, and if the price finds potential to increase, it is likely to bounce back. If Bitcoin surpasses this support level, the next anticipated milestone will be around $34,000.
We cannot deny that Bitcoin is rapidly increasing in price, but the possibility of a price decrease is still present. By observing the chart in the 4-hour time frame, we can see that the price has somewhat experienced a significant drop, as indicated by a candlestick formation that suggests a breakout from the $36,378 level is imminent. The current support level is $35,569, and if the price finds potential to increase, it is likely to bounce back. If Bitcoin surpasses this support level, the next anticipated milestone will be around $34,000.
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