• Bitcoin sees sideways movement between $29,600 and $29,200 on the 2-hour chart.

  • Daily charts pinpoint $29,500 as a crucial resistance level for BTC.

  • Liquidation data for BTC sheds light on potential price reactions.

  • Discover the latest Bitcoin price trends, technical analysis, and potential price movements based on current market conditions. Dive deep into BTC’s short and long liquidation levels.

  • Recent Bitcoin Trend Insights

    • Bitcoin’s 2-hour chart displays a lateral movement in the range of $29,600 to $29,200. Closings above $28,200 signal a potential rise, whereas closings below $29,200 may indicate a bearish trend.

    • On the daily chart, the $29,500 level emerges as a significant resistance point. Closings above this level can strengthen targets of $31,000 and later $32,300.

    • If the price closes below $29,500 on a daily basis, we could witness a movement towards the support levels of $29,000, followed by the $28,600 to $28,200 range.

    Bitcoin, in its 2-hour chart, oscillates between $29,600 and $29,200. While closings above $28,200 suggest an upward trend, those below $29,200 hint at increased downward potential. On the daily chart, $29,500 stands out as a clear resistance.

  • Mid-term BTC Outlook

    Upon examining Bitcoin’s daily technical chart, it is evident that it operates near the critical resistance zone of $29,500. If Bitcoin consistently closes above this on a daily basis, it might set its sights on the $31,000 mark. Following this, the next target to watch out for would be the $32,300 range.

    Should Bitcoin achieve daily closings above $31,300, the next potential move could be towards the $32,300 level. However, to reach these targets, it’s imperative for Bitcoin to first maintain consistent daily closings above the $29,500 mark.

    Conversely, if Bitcoin keeps closing below the $29,500 level, it might initiate a bearish movement, firstly aiming for the $29,000mark. Subsequent to this, we might observe a trend towards the $28,600 – $28,200support zone. But, if BTC maintains its stance above the $28,200 support, the bullish potential remains intact.

    Liquidation Heatmap Overview (Binance, BTC – Last 2 Years)

    The ongoing Bitcoin price is $ 29,215.83 USD, showcasing a 24-hour trading volume of $11,633,449,849 USD. We offer real-time BTC to USD price updates. Over the past 24 hours, Bitcoin’s price has decreased by -0.59%. As of now, it holds the #1 position on CoinMarketCap with a live market cap of $568,472,710,003 USD. The circulating supply stands at 19,458,406 BTC coins out of a total possible supply of 21,000,000 BTC.

    SHORT LIQS from $29k to $38k (a $9k Price Swing)

    • 29.600 -> 5.6B

    • 30.000 -> 12.4B

    • 30.400 -> 14.7B

    • 30.800 -> 58.3B

    • 31.200 -> 21.7B

    • 31.600 -> 0

    • 32.000 -> 61B

    • 32.400 -> 198.6B

    • 32.800 -> 188.4B

    • 33.200 -> 197.7B

    • 33.600 -> 124.7B

    • 34.000 -> 111.1B

    • 34.400 -> 66.1B

    • 34.800 -> 143.4B

    • 35.200 -> 83.4B

    • 35.600 -> 104.1B

    • 36.000 -> 103.6B

    • 36.400 -> 118.8B

    • 36.800 -> 25.1B

    • 37.200 -> 55.5B

    • 37.600 -> 21.9B

    • 38.000 -> 24.2B