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Bitcoin (BTC) Price Prediction for July 27: Comprehensive Analysis and Potential Surprises!
On the larger time frame, neither side (buyers or sellers) is dominating as the price of Bitcoin moves away from key levels.
In this case, sideways trading is likely to continue in the range of $116,000-$119,000 over the next few days.
From a medium-term perspective, traders should monitor the weekly candle close concerning the level of $119,482. If the close occurs away from this level, there is a possibility of the price dropping to $112,000.
Have most cryptocurrencies declined this week?
Yes, the majority of cryptocurrencies have shown a decline in value by the end of the week.
What is the critical level for Bitcoin currently?
Attention is focused on the level of $117,888 as local support, and breaking it may lead to testing $117,500.
What is the forecast for Bitcoin's price in the coming days?
Sideways trading between $116,000 and $119,000 is expected in the short term, with the possibility of a drop to $112,000 if the weekly price closes away from $119,482.