Bitcoin (BTC), which has been priced above $ 27 thousand for a few days, fell below this value at night, how is the price movement for BTC?
BTC, which has been worrying crypto investors in recent days, continues its price movements in this direction. How are things progressing in BTC, which has not yet given the green light for the crypto market? Will the leading cryptocurrency, which hangs below $27,000 at night, be able to go back on the upward path?
Bitcoin (BTC) Chart Analysis
BTC, which went into a downward movement from the $ 30,000 band, came to $ 27,200 and lost more than 10 percent of its value. BTC, which has been “buyers” many times at $ 27,200, continues to maintain this level as support. BTC, which loosened to $ 26,960 at night, created a panic atmosphere in crypto investors. Currently priced below $27,750, BTC must clearly overcome this hurdle in order to initiate the rises.
In case of exceeding $ 27,750, overcoming the resistances of $ 28,250 – $ 28,750 and $ 29,180, respectively, can pave the way for sharp rises in cryptocurrencies. If the bearish scenario continues, the $26.650 – $26.500 band can be viewed as support. In the event that this price band does not work as support, a pullback to $25,200 will be likely for BTC.
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