Bitcoin's price is showing no signs of slowing down and remains on a bullish trajectory, with technical indicators predicting a target of $36,500. The current price is $34,122, with a slight dip of nearly 0.75% in the last 24 hours. However, the trading volume of $35 billion indicates a dynamic market. Resistance levels are identified at $34,501, $36,507, and $38,579, while support levels are at $31,212, $29,172, and $27,956. The Relative Strength Index (RSI) is at 78, indicating overbought conditions. The 50-day Exponential Moving Average (EMA) is at $30,673, suggesting a short-term bullish outlook. The presence of the 'Three White Soldiers' pattern and the breach of the Triple top pattern at $31,655 further support the bullish sentiment. The $34,700 level is crucial and could determine the continuation of the bullish rally. In the short term, Bitcoin is expected to test the resistance at $36,507.
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