Bitcoin (BTC), which has been pricing in a falling trend since May 10, broke this structure and tested $ 27,500.
BTC, which has been in a downward trend for almost two weeks, finally broke this structure and showed a significant increase. BTC, which has tired the crypto investor especially with its inactivity in the last days, took a breath by jumping from $ 26,800 to $ 27,500. How is the chart progressing in BTC, which is currently trading above the falling trend structure?
Bitcoin (BTC) Chart Analysis
Moving within the trend falling from $ 28,200 to this time, BTC finally broke this trend and experienced a 2 percent rise. The pioneer of cryptocurrencies, which has been losing value for about 13 days, relieved investors a little with this move. BTC, which tested $ 27,500 directly from $ 26,900, seems to have been rejected from this value for now.
Persistence on the falling trend is of great importance in order for the rises on the BTC side to continue. The resistance levels for BTC are $28,200 – $28,775 – $29,250 respectively. Engaging in the downtrend can further increase the selling pressure. Support levels for BTC are $25,875 – $25,250, respectively.
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