Price Analysis: $17,200 and Rising

What is BTC chart saying❓

Let's find out 👇👇 Crypto BTc BNB altcoin ETH

Bitcoin features a 24-hour exchange sum of 14 billion with its present cost of 17,200. With an aim of 17,200, Bitcoin is operating in an affirmative direction.

If a Doji candle forms near 17,200, it denotes that purchasers no longer have vigor and sellers may step in to make a bearish variation. Should Bitcoin's rate manage a bullish breakout beyond 17,200, it will confront its subsequent resistant level at 17,400.

A four-hour timeframe for Bitcoin created a bullish engulfing candle, which reveals a strong bullish trade bias. This could lead to Bitcoin's worth climbing to 17,750.

Yet, if there is a dip, 17,000 can act as immediate support, and a bearish breakout of this point might increase the decline to the future support levels of 16,800 or 16,650.

This post is based on this twitter thread.