Bitcoin / TetherUS

Bitcoin BTCUSDT Price analysis (1h)

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Hello dear TradingView community!

We're here with an update on the fresh Bitcoin chart. After experiencing a pullback near the 26500 level yesterday, we're now back in the resistance zone around 27500. This level is crucial for a breakout to sustain the upward momentum.

snapshot

If we can successfully break above 27500, we might see Bitcoin's price quickly reaching levels of 27800 and 28200. However, it's important to keep in mind that Bitcoin is still trading within a tight range, and there is a high possibility of a move down towards 26900.

As always, it's essential to closely monitor Bitcoin's price action and be prepared for potential market fluctuations. Stay tuned for further updates!

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