BTC, which has been going around in the same price zone for almost a month, tested the bottom of this area and climbed to 30 thousand dollars again.
Continuing its price structure in the $29.500 – $31.500 band, BTC has not yet come out of this area clearly. Testing the bottom of the region it priced in the past hours, BTC reacted from here and made an increase of $ 600. Can the pioneer of the market, which is still pricing below an important resistance in the short time frame, break this point and target $31,500 again? What’s the latest on the BTC chart?
Bitcoin (BTC) Chart Analysis
After the fundamental analysis in the industry was negative, BTC had come to $ 31,800 from $ 30,200. The leader of the market, which started to release from the $ 31,800 resistance, created panic by testing $ 29,500. Currently trading around $30,050, BTC can attack towards $32,400 – $33,380 and $34,000, respectively, if it stays above $31,360.
Continued indecision on the BTC side or FUD news from the crypto industry may continue to push the price down. Support zones to watch for BTC in this scenario are $29,520 – 28.900 – $28,040 and $27,460, respectively. Failure of the price structure to hold the 27,460 support could trigger a drop to $26,600.
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