Updated analysis of the Bitcoin (BTC) market
Based on our previous analysis, the price of
BTCUSDT
surpassed $28,000 and reached $31,000. However, a correction is needed this week before the continuation of the bullish trend. The next key levels to watch are $31,500 and $34,000, but prior to that, the price must retrace between $30,000 and $28,000.
Currently, the trend remains bullish, and for a trend reversal,
BTCUSDT
would need to drop below $26,000. Therefore, it is advisable to be prepared for the next entry point in the market, which could potentially be around the following levels: $29,900, $29,000, and $28,000.
BTCUSDT
surpassed $28,000 and reached $31,000. However, a correction is needed this week before the continuation of the bullish trend. The next key levels to watch are $31,500 and $34,000, but prior to that, the price must retrace between $30,000 and $28,000. Currently, the trend remains bullish, and for a trend reversal,
BTCUSDT
would need to drop below $26,000. Therefore, it is advisable to be prepared for the next entry point in the market, which could potentially be around the following levels: $29,900, $29,000, and $28,000.
Comment:
According to our analysis, Bitcoin has reached the $31,000 level as we predicted, and then a correction was made to the new $29,000 level. BTC is heading towards the $32,000 level this week. Stay tuned this week as there will be events that could influence the price of Bitcoin.