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Bitcoin analysis – price reached $24,000. How long will the growth continue?

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Bitcoin is in a short-term uptrend and currently stands at $24,000. Bullish volumes are receding and the uptrend may soon reverse. How high can the market price go and what does the current growth represent? In the meantime, the dominance of the main cryptocurrency fell to 42.30%.

The RSI is signaling an oversold border, which could mean that soon Bitcoin will make a short-term local high. The bullish target I’m following is at the $ 25,500 level . Long-term resistance is up to $29,000, but so far buyers are not showing the strength to push the price up to that area.

Bitcoin analysis - price reached $24,000. How long will the growth continue?
source: tradingview

Bitcoin reached $24,000

Bitcoin is in a short-term uptrend and currently stands at $24,000. Bullish volumes are receding and the uptrend may soon reverse. How high can the market price go and what does the current growth represent? In the meantime, the dominance of the main cryptocurrency fell to 42.30%.

The RSI is signaling an oversold border, which could mean that soon Bitcoin will make a short-term local high. The bullish target I’m following is at the $ 25,500 level . Long-term resistance is up to $29,000, but so far buyers are not showing the strength to push the price up to that area.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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