BTC tests $ 30,000 after a 9 % increase in 24 hours, what will come next? (Bitcoin price analysis)

BTC tests $ 30,000 after a 9 % increase in 24 hours, what will come next? (Bitcoin price analysis)
The total outlook of Bitcoin for the daily time frame remains optimistic, since the price recently trained a correction and has found support at the decisive level of the sliding 50-day average. Despite these positive aspects, the price now faces a considerable resistance at $ 30,000.
technical analysis
of Shayan
the daily -type
After a multi -month upward trend, Bitcoin achieved the decisive level of resistance of $ 30,000 and could not stick to it. After a short-term correction phase, which led to a decrease of 14 %, Bitcoin found support with the sliding 50-day average of $ 27.3,000.
This led to another upward trend that provided a positive signal for the overall view of the cryptocurrency, which indicates that the bulls have control. However, BTC is currently facing a significant and decisive level of resistance in the price zone of $ 30,000 and strives to break out of it.
If it is successful, it could start a robust bullish rally towards the price channel of $ 40,000. If the price of this important level on the other hand does not exceed, a double-top pattern is formed, which may lead to another declining leg.
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The 4-hour diagram
In the 4-hour period, Bitcoin has formed a rising channel and recently fell on its lower threshold. However, the trend line and the short -term static support level of $ 27,000 protected the price and let it rise.
The cryptocurrency on the middle trend line of the canal is currently facing a critical level of resistance that will determine its next movement. If the price succeeds in exceeding this level, it will strive for the price region of $ 30,000. If the trend line on the other hand rejects the price, there is the possibility of a decline in the direction of the lower limit and the level of support of $ 27,000.
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on-chain analysis
The output of coins that have remained inactive for over 155 days typically indicates long -term trends at Bitcoin, as was the case in the current scenario. Through the analysis of the long-term holder spent output profit ratio (sopr) based on monthly average, we can recognize extreme output points that match the bottom of the Baisse.
In all past cases in the history of Bitcoin, in which the SOPR had similarly negative values, the price never fell below this specific point. Therefore, this indicator indicates that the Bitcoin Prize will not fall under the value specified in November, 2021.
It is important to note that this indicator mainly reflects long -term cycles that normally need years to achieve extremes and that it does not record short -term fluctuations. So while long -term investors can benefit from strategic investments, retailers should take other indicators into account in transition phases.
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