What is the latest situation in Bitcoin (BTC), which entered the volatile process with the announcement of the US inflation data?
With the US May inflation data announced yesterday, the activity increased in BTC. With the release of the data, the pioneer of cryptocurrencies, which instantly tested $ 26,420, fell to $ 25,700 in a short time. BTC, which showed volatility of close to 3 percent in a few minutes, also created surprising results in the liquidation data. What does the technical analysis show for BTC, which is currently traded at $ 25,900?
Bitcoin (BTC) Chart Evaluation
With the announcement of the US May inflation data, BTC, which broke the $ 26,200 resistance hard, lost value at the same speed. It touched $ 25,700 in a short time, shaking the altcoin market. It is currently trading below $26,200. If the selling zone here is not exceeded, the $25,257 and $24,586 points for BTC can be followed as support.
With the decrease in the fud news about the sector, BTC may turn its course up again. In this case, the resistance levels that can be followed on behalf of BTC are 26,200 – 26.800 – 27.255 – 28.142 and 28.775 dollars, respectively. If the persistence above $ 28,775 is maintained, the $ 30,000 levels can be started to talk again.
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