On the Bitcoin (BTC) side, the risky area still continues, can BTC, which is at $ 22 thousand 400, rise again?
Fud news, which is increasing day by day in the crypto sector, has seriously shaken the price of BTC. BTC, which is at $ 22,400 as of the software of the news, may need positive developments to rise again. In line with the sharp decline in the crypto market, investors’ concerns continue.
Can BTC, which is in the risk zone daily, turn its direction up again?
Bitcoin (BTC) Chart Analysis
Looking at the 45-minute time frame on the BTC side, it can be observed that the $23,630 level is permanently exceeded in order to continue the upward trend. If BTC, which is currently at an intermediate price, does not find enough buyers from investors, pullbacks can be observed up to $ 21,490. Affected by the negative news for the current situation, BTC has entered a difficult marathon to overcome.
Market Value Analysis for Bitcoin
With the collapse in the crypto market, great movements were also observed for the BTC market value. BTC, which has adopted a market value of $ 430 billion as support, is hovering above the market value of $ 431 billion. BTC market value can be expected to break the $ 452 billion market value permanently in order to take an upward action. In the possible market value decrease scenario, the value of 417 billion dollars can be observed as support.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTC, which is in the dangerous area in price, is close to the resistance area for the dominance level. Receiving a reaction from approximately 43.60 percent dominance level, BTC is at intermediate dominance value for the current situation. With the 44 percent dominance level exceeded, decreases are likely on the altcoins side. In order for the bullish scenario to be talked about again on the altcoins side, the process of decreasing the BTC dominance level to 43.10 percent can be followed.
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