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My opinion about BTC price
Short term
Bitcoin is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after meeting the objective at 122416 after a break of rectangle formation. A significant penetration of 118077 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal. The currency has support at points 113500 and resistance at points 120700. The RSI curve shows a rising trend, which supports the positive trend. The currency is overall assessed as technically positive for the short term.
Medium term
Bitcoin has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 107710. The objective at 115727 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 106000 points. The currency is overall assessed as technically positive for the medium long term.
Long term
Bitcoin is in a rising trend channel in the long term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. The currency has broken up through resistance at points 106000. This predicts a further rise. The currency is assessed as technically positive for the long term.