What is happening in Bitcoin (BTC), which has not yet exceeded 30 thousand dollars
The leader of cryptocurrencies, which has been in a certain price range for a few days, has not yet exceeded $ 30,000. Exceeding $30,000, which is a strong resistance in terms of technical and fundamental analysis, could create a different atmosphere for the crypto market. The resistance of $ 29,180 in BTC, which is currently over $ 29,000, limits the upward movements.
Bitcoin (BTC) Chart Analysis
As of the writing of the news, BTC, which has found buyers at $ 29,200, continues its rise, which started at $ 27,700. The first important support point in BTC, where buyers dominate, is $ 27,200. If the 27,200 support is not maintained, a drop to the $25,200 level is possible. BTC, which did not start May very effectively, seems to have recovered this situation with the rises it has shown in the last hours.
Bordering the weekly and monthly opening price, BTC could target $30,000 if it clearly surpasses the $29,180 resistance. In the case of 30,000 dollars, the news flow of the market will be the determining criterion for the direction of the market.
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