The Next Target for Bitcoin is $30,000! Santiment Shared Important Levels!

Leading cryptocurrency Bitcoin (BTC) The current market sentiment has been neutral and bearish as it has continued to move sideways between the support and resistance levels of $27,000 and $28,500 in recent weeks.

However bitcoinContinuing its strong stance, it increased by about 4% in the last 24 hours, crossing the $28,500 level and pinning down to $29,200.

Although Bitcoin cannot maintain these gains, it continues to trade at $ 28,600.

Popular on-chain data provider assessing this volatility in Bitcoin centiment In his latest report, he said that the RSI indicator shows bearish bias and buying pressure:

“The RSI levels are also bearish, showing weak buying pressure.

The 200-day and 200-week simple moving averages act as strong support levels for BTC.

However, the monthly RSI is bullish, indicating a potential long-term uptrend.

However, current market conditions suggest that Bitcoin may experience a bearish correction before any major rises.”

in the long run bitcoinStating that .

Santiment, similarly, BTC He stated that if the price drops below the $27,000 support, it could drop to $26,000 and below.

As a matter of fact, Bitcoin managed to surpass the $ 28,600 level. However, it failed to hold here and fell back to the level of $ 28,600. If this analysis of Santiment is correct, we can see the levels of $ 32,000 in BTC.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!

source site-4