Bitcoin (BTC), which started to attack by finding buyers at the levels of $ 26,950, increased by close to 6 percent within hours, showing bullish signals.
BTC, which has scared crypto investors in recent days, has become the lifeblood of the crypto market with its sharp upward movement. BTC, which loosened up to $ 26,950, managed to reach $ 28,400 with its voluminous rise. A 5.81 percent performance in such a short period of time may be one of the signs that the market is in a bullish trend.
Bitcoin (BTC) Chart Analysis
BTC, which started a downtrend from the $30,000 band, came to $27,200 and lost more than 10% of its value. BTC, which has been “buyers” many times at $ 27,200 so far, maintains this level as support in the broad table. BTC, which slackened to $ 26,960 in the morning, created a panic atmosphere in crypto investors. Currently priced above $ 28,000, BTC must clearly overcome the $ 30,000 barrier in order to start the rises.
In case of exceeding $ 28,800, the resistance of $ 29,180 – $ 29,600 and $ 29,980, respectively, may set the stage for sharp rises in cryptocurrencies. In case of a bearish scenario, the $27.650 – $27.200 band can be followed as support. If this price band does not work as support, pullbacks to $25,200 will be likely for BTC.
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