Bitcoin update and expected new buying areas

The best areas to buy Bitcoin in the medium term.

 

Bitcoin managed to climb to the 110 level, achieving the first target

from the previous analysis. However, the trade truce between the United States and China

affected the cryptocurrency market, leading to a decline in Bitcoin.

Technically, the currency is still expected to continue its upward trend,

especially since the general trend remains upward and the previous buying areas have not been broken.

Currently, strong new buying areas have formed, as evident on the chart.

These areas are located at the 104,450 level, and a rise from them is expected

to the same previous targets at the 109,002 and 113,000 levels, respectively.

However, if the demand areas are broken and a full candle closes below them,

the bullish outlook will fail, and the downward trend is expected to continue

reaching the next support levels at approximately 95,400.