Can price of Bitcoin (BTC) start rising upcoming week?
On the hourly chart, the price of Bitcoin is returning to the recently formed support level of $25,755. If the situation does not change, the breakout may lead to a blast to the $25,700 zone soon.Today's candle is about to close below the previous bar low on the daily time frame.
If that happens, there is a high chance to see a continued decline to the nearest support level of $25,350. Such a scenario is relevant until the end of the upcoming week.The situation is a little bit better on the weekly chart as the price of Bitcoin might have found the support level of $25,350. However, it is too early to think about a reversal as the rate has not accumulated enough energy for that yet.
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