Immediate resistance is found around the $31,600 level. The first significant resistance is near $31,800, and a break past this could lead to a bullis
Immediate resistance is found around the $31,600 level. The first significant resistance is near $31,800, and a break past this could lead to a bullish momentum for Bitcoin. In this scenario, Bitcoin may approach the $32,000 resistance, with the next major hurdle being the $32,500 level. Surpassing this could pave the way towards a possible surge toward the $33,200 resistance level.
On the downside, if BITCOIN cannot surpass the $31,800 resistance level, it may undergo a negative correction. Immediate support is found near the $31,200 level. Further significant support is around the $31,000 mark or the 50% Fibonacci retracement level of its recent surge from $30,217 to $31,790. If it falls below this level, we could see a further drop towards the $30,800 support zone. Any additional losses might drive the price down to the $30,550 level in the short term.
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