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Can Bitcoin (BTC) remain bullish within next few days?

Can Bitcoin (BTC) remain bullish within next few days?
Denys SerhiichukDenys SerhiichukU.Today

Monday has started bullish for the cryptocurrency market, according to CoinMarketCap's rankings.

Bitcoin

Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has risen by 4.55% since yesterday.

BTCUSD

BTC/USD chart by TradingView

On the local chart, Bitcoin (BTC) is approaching the recently formed resistance level at $24,200. If a breakout occurs, the price may get to the $24,500 zone by the end of the day.

Bitcoin

BTC/USD chart by TradingView

On the bigger time frame, Bitcoin (BTC) has broken the $24,000 mark, which means that bulls are ready for a continued rise. If the daily candle closes near $24,445, it may lead to growth to the $25,000 area until mid-August.

BTCUSD

BTC/USD chart by TradingView

On the weekly chart, bulls have continued their upward move. If they can hold the price of Bitcoin (BTC) above the $24,000 mark until the end of the week, there are high chances to see a test of the mirror level at $25,400 within the next few days.

Bitcoin is trading at $24,111 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

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