The accumulation phase of Bitcoin (BTC), which has not yet clearly exceeded 31 thousand dollars and is not permanent below 30 thousand dollars, continues.
BTC, which has been pricing in a certain price range for a full week, has not yet decided on its direction. Even though $31,000 was exceeded twice, the price came back below this value. At the same time, the $30,000 value was also neglected on the downside several times. However, investors managed to push the price above this value every time. What kind of reactions can be received when BTC, which has been in the process of accumulating for seven days, goes in which direction?
Which Regions Should Be Considered in Price Structure?
The pioneer of cryptocurrencies, which fluctuated in a price region of approximately $ 1,000 and tested the region of $ 31,000 for 4 times, has not yet been able to hold on to this value. If BTC can make a daily close above $31,000, it could head towards $32,400.
For another scenario, decreases to $29.946 – 29.250 – $28.184 and $27.445 can be observed as support, as buyers cannot push the price up and lose strength at $30,000. Failure to operate as $27,445 could bring the price up to $26,818 – $26,233 and $25,257. In order for the spring mood in the market to continue, it is critical that the 25.250 support is not broken.
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