Cryptocurrency is an emerging asset class in the digital world that has the potential to be highly volatile both in the short and long term. Recently, two crypto analysts, CryptoDonAlt and CryptoCred, released a market round-up with a focus on Bitcoin, wherein they discussed the support and resistance levels for the cryptocurrency, as well as its long-term potential.

The current resistance level for Bitcoin as stated by the analysts is $28.9k and its support level is $28k. Depending on the movement of Bitcoin's price, it may face a bearish pullback and hit a target of $25.2k if it breaks down from the support level. Alternatively, if it manages to break out from its resistance level then the target price could reach up to $37.7k.

Moreover, the experts suggested that it may be a good time to invest in cryptocurrencies, but they also highlighted the importance of being educated and vigilant when making decisions. In addition to the two mentioned support and resistance levels, CryptoDonAlt and CryptoCred also pointed out a breakout resistance level of $35k for Bitcoin in their report.

Overall, the analysts provided a positive outlook for the next six months of Bitcoin's price, suggesting that it could remain above $23k in the medium-term. However, investors should still keep in mind that cryptocurrency markets are incredibly multifaceted and therefore caution should be taken anytime you enter the market.



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