After Bitcoin (BTC) broke the resistance of $ 28 thousand 700, the selling wave continued and brought the price to $ 27 thousand 900, 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 serious selling pressure from these levels and declined to $ 27,900. The leader of cryptocurrencies, which could not find enough buyers after falling below the monthly opening price, saw another selling wave and fell below the weekly opening price. It is of great importance that BTC, which is currently fighting for $ 28,000, clearly exceeds the levels of $ 28.250 – $ 28.600 and $ 29.190, respectively, in order to move upward.
For BTC, which is priced below the daily opening level, the support it will receive at $ 27,600 is of great importance. The absence of strong “buyers” from those levels could bring the price to $26,800.
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