BTC developments today: price continues to increase
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Bitcoin price remains strong above the support level of $34,000. BTC has climbed higher above the resistance levels of $34,500 and $34,650 to initiate another upward movement.
On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle.
A clear move above the $35,250 resistance level could open up opportunities for further advancement towards the $35,500 resistance level. The next important resistance level could be $36,000, above which the price could rise to $37,000. Any further gains could potentially take BTC to $37,500.
Continued downward movement in BTC?
If Bitcoin fails to surpass the $35,250 resistance level, it may continue its downward movement. Immediate support on the downside is near the $34,500 low.
The next major support is around the $34,150 level. If there is a move below the $34,150 level, there is a risk of more downside. In the mentioned case, the price could even decline below the $34,000 support level in the near future.
Key support levels - $34,500, followed by $34,150.
Key resistance levels - $35,050, $35,250, and $35,500.
On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle.
A clear move above the $35,250 resistance level could open up opportunities for further advancement towards the $35,500 resistance level. The next important resistance level could be $36,000, above which the price could rise to $37,000. Any further gains could potentially take BTC to $37,500.
Continued downward movement in BTC?
If Bitcoin fails to surpass the $35,250 resistance level, it may continue its downward movement. Immediate support on the downside is near the $34,500 low.
The next major support is around the $34,150 level. If there is a move below the $34,150 level, there is a risk of more downside. In the mentioned case, the price could even decline below the $34,000 support level in the near future.
Key support levels - $34,500, followed by $34,150.
Key resistance levels - $35,050, $35,250, and $35,500.
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