Hello dear friends!
Today, BTC continues to maintain stability at the level of 27,666 USD. The price has not yet broken through the expected level of 28,000 USD, but it is still performing well in terms of gains.
In terms of technical analysis, we are witnessing a convergence of the 34 and 89 EMA lines, which means that the volatility during this period is still not clearly evident. In terms of prospects, BTC needs to surpass the current resistance level at 28,071 USD and even higher at 28,340 USD in order to continue its upward trend. On the other hand, the current support level is set at 27,400 USD, and if it is broken, it will reveal a potential decrease in the future.
Today, BTC continues to maintain stability at the level of 27,666 USD. The price has not yet broken through the expected level of 28,000 USD, but it is still performing well in terms of gains.
In terms of technical analysis, we are witnessing a convergence of the 34 and 89 EMA lines, which means that the volatility during this period is still not clearly evident. In terms of prospects, BTC needs to surpass the current resistance level at 28,071 USD and even higher at 28,340 USD in order to continue its upward trend. On the other hand, the current support level is set at 27,400 USD, and if it is broken, it will reveal a potential decrease in the future.
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Bitcoin (BTC) price shows weakness as it approaches a key hurdle. Rejection for BTC could prompt altcoins like Ethereum (ETH) and Ripple (XRP) to crash lower as well.
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