Bitcoin Short-Term Support & Resistance Analysis

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Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.

When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin

ⓡ Resistance Line 28605$
ⓡ Resistance Line 28237$
ⓡ Resistance Line 27561$
ⓡ Resistance Line 27229$
ⓢ Support Line 26777$

The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.

Thank you for reading my poor analysis.

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