The dominance of the SEC over stock exchanges and cryptocurrencies continues, in which direction can Bitcoin (BTC) traded at an intermediate price move from here?
The pessimistic mood in the crypto industry is not over. The SEC’s continued repressive policy on cryptocurrencies, and especially exchanges, is clearly constraining the BTC price. Priced at $26,490, BTC is making its way in line with market news. How is the chart for BTC, where volatility peaked with the effect of the news?
Bitcoin (BTC) Chart Evaluation
Currently trading at $26,490, BTC has not yet permanently surpassed the $26,800 resistance. BTC price, which is gradually losing strength due to the chaos in the market, may test support levels as long as the fud news continues. The levels where buying movements can be observed in Bitcoin are $ 25,257 and $24,586.
A price increase can be expected in BTC in scenarios such as Binance and Coinbase coming to the fore in the SEC lawsuit, and the negative news flow is stalled. For BTC, which is currently priced just below the resistance area, the resistance levels are 26,800 – 27,255 – 28,198 – 28,775 and 29,250, respectively.
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