The bitcoin price steadily increased over the past two weeks but met resistance at $24k. After not managing to establish itself above this level, the bitcoin price fell to $21k.

Bitcoin is in a local falling trend but has strong support at $19k, a price level it has rebounded from on multiple occasions over the past month.

The bitcoin price steadily increased over the past two weeks but met resistance at $24k. After not managing to establish itself above this level, the bitcoin price fell to $21k.

Bitcoin is in a local falling trend but has strong support at $19k, a price level it has rebounded from on multiple occasions over the past month.

If bitcoin were to fall below $19k, the next support level is at $17.5k, which has served as the low of this bear market.

The mentioned support levels are technically strong, but we should also keep in mind the $14k support level, which was the peak in 2019.

If bitcoin manages to regain last week’s positive momentum and break out, the nearest important resistance area is at $28k, representing the yearly bottom in 2021 and important support in May.