Will Bitcoin (BTC), which is rapidly rising by finding support from BlackRock’s ETF application, be able to maintain this momentum?
With BlackRock’s ETF application, the crypto money market continues to seek direction, led by BTC. Coming from $24,900 to $26,800, BTC created a remarkable volatility in altcoins. As of the writing of the news, BTC, which is traded at $ 26,400, has not been volatile for a few hours and has been accumulating. How is the BTC chart progressing currently?
Bitcoin (BTC) Chart Evaluation
After the ETF news, BTC, which touched $ 26,800, retreated from here to $ 26,420. Priced at the high end of the support area for now, BTC could test $27,255 – $28,200 and $28,775 respectively as long as it persists above $26,800.
FUD news like the SEC’s escalating tensions with the crypto industry could turn the market down again. Support zones that can be followed on behalf of BTC are $26,153 – $25,257 and $24,586, respectively. If there is no response from $ 25,586, the depth of the decreases in cryptocurrencies may increase.
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