September 30, 2022
BTC Long Term 1 scaled

BTC Long Term 1 scaled

After getting rejected from the $24K sentimental resistance area three times, the Bitcoin price finally broke the threshold, forming higher highs and lows on the daily chart. Can buyers expect to see the $27K level reached next?

Technical Analysis

By Shayan

The Daily Chart

The weekly candle is closing tonight (Sunday’s midnight UTC), and if Bitcoin successfully closes above the $24K level, a rally toward the $27K region will be likely.

However, the 100-day moving average…

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