Bitcoin unlikely to break 27,000 and stay above.
According to our analysis, there is a possibility of Bitcoin testing the $27,000 mark and then experiencing a drop to $22,000. However, the $22,000 level is considered a strong weekly pivot, and it is likely that demand for Bitcoin will be found at this level. If such a scenario plays out, it could potentially initiate a bull run for Bitcoin, with the first leg of the run reaching $35,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.