Bitcoin’s price has recently rebounded from $25K support, but it is currently facing rejection from a key resistance zone.
Technical Analysis
By Edris
The Daily Chart
On the daily timeframe, the price has been rising after finding support near $25K. However, the 50-day moving average, around $27K, is pushing the price down. Another significant resistance level is the 200-day MA, trending near $28K.
The price must overcome this resistance to retest the $30K level. Conversely, if BTC fails to maintain its bullish momentum and falls below $25K, the market will likely decline towards the $20K area.
Source: TradingView
The 4-Hour Chart
In the short term, the 4-hour chart suggests a bullish outlook. The price has broken above a large falling wedge pattern, a classic bullish reversal signal. From a classical PA perspective, BTC’s price is expected to rise again toward the $30K resistance level.
This would be a strong bullish signal, as the probability of a breakout would likely be signifi
We współpracy z: https://cryptopotato.com/bitcoin-dilemma-25k-or-30k-coming-first-btc-price-analysis/
