BitcoinForex (SPOT)

Bitcoin ($BTC): Short Term Target hit! What’s next?

Our short term setup seems to be working fine and as we can see on the hourly chart, the price action has reached our short term target. That said, if we continue to follow $BITCOIN on intraday chart, we have a very important support area around 26k/25.8k, if a reaction will appear here, I don’t rule out an interesting rebound. With that in mind, I have also shown the other support areas on the chart. Technically the trend is still bearish on weely chart and the key resistance is above 32k.

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