Hey Trader!

In this analysis I will show why I perceive the idea of why Bitcoin is going to rise over the next while.

First of all I will explain that Bitcoin has been exposed to a bullish trend the past few months. Since then, numerous support and resistance levels have emerged which will help the price to rise. There are numerous support levels below the price at: 32959.23, 39211.35, & 40791.76 respectively. After that, there will also be a good support point at 53888.39.

That’s why I believe Bitcoin has the potential to rise over the next while.

Good luck trading, trader!