Denys Serhiichuk
What are the odds of seeing further Bitcoin (BTC) growth next week?
Most coins may need a correction ahead of the next wave of growth.
BTC/USD
Although Bitcoin (BTC) price is down 0.32% since yesterday, the rate is up more than 10% over the past week.
On the local chart, Bitcoin (BTC) price is sitting in the tight range between the $22,702 support and the $22,969 resistance. At the moment, the price is on the way to the upper line, which means that the bulls are not going to give up.
In case of a breakout, growth could continue into the $23,100-$23,200 zone.
In the longer term, the situation is also positive as the price has recovered from the recently formed support level of $22,750. If there is a close near the key $23,000 zone, the upside can extend to $23,362.
From a medium-term perspective, the weekly candle is close to closing above the $22,781 level, which means Bitcoin (BTC) remains bullish. In this regard, there might be enough energy for a move to the next resistance area around $25,000.
Bitcoin is trading at $22,912 at press time.
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