The Bitcoin price has finally broken out above its one-month range and crossed the 24000. The BTCs’ breakthrough of the resistance at 22824 has provided a positive signal from the rectangle formation. An additional increase to 25700 or more, is expected. For this coin, the major support and resistance levels are 18300 and 35000, respectively. The price responded quickly to the rectangle’s break, and it is currently retesting the prior resistance. As the pullback is completed, it is a good time for an entry to target 25700. The rising trend in the RSI curve may be the origin of the beginning of a rising trend for the price as well. In addition, MACD line is about to cross up through the signal line. The currency is overall assessed as technically slightly positive for the medium term. Please note that, regarding all the analysis, the total trend is bullish as long as support 22191 holds.

• There is resistance at 23887, followed by resistance at 24244 and 24800.
• There is support at 22600. Below, there is 22281 and 22191.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

BTC