The selling wave that came with Bitcoin (BTC) exceeding the $ 28 thousand 700 resistance brought the price to $ 28 thousand, how is BTC progressing?
Breaking the resistance area at $28,250, BTC also surpassed its monthly opening price, with buyers outweighing it. The current short-term uptrend capture may indicate that the price may target even higher. The leader of cryptocurrencies, which is in the range of $ 28,250 – $ 28,600, can move towards the $ 30,000 levels if it overcomes the resistance in front of it.
Bitcoin (BTC) Chart Analysis
Starting from $ 27,200, BTC, which created an upward trend, tested $ 28,750 in instant pricing. It ate strong selling pressure from these levels and declined to $28,000. The pioneer of cryptocurrencies, which could not find enough buyers after falling below the monthly opening price, saw another wave of sales and fell below the weekly opening price. It is of great importance that BTC, which is currently struggling for $ 28,000, clearly exceeds the levels of $ 28.250 – $ 28.600 and $ 29.190, respectively, in order to move upward.
If the rising trend is broken and replaced by a bearish scenario, it is of great importance to follow the levels of $ 27.700 – $ 27.200, respectively.
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