Bitcoin Analysis By Arzdigital

Bitcoin is now well supported around $22,500 after a sharp price drop. Bitcoin bulls, or so-called Bitcoin bulls, performed well in the range of $22,600 and $22,700. As a result of these movements, Bitcoin has faced a resistance of $24,500 with a suitable price increase. The next key resistance is in the range of $25,000, and crossing it can mean reaching $26,000. Now, if Bitcoin starts a downward trend, the first support is in the range of $24,000 and the next support is in the range of 23,500. The dollar has been in front of it, and crossing them can mean bad days for bitcoin investors. In short, the price of bitcoin, which is now above its $24,000 resistance, is increasing its rate of ascent. Bitcoin is likely to test the $25,000 resistance if it can continue this trend.