After Bitcoin (BTC) tested the $28,700 resistance, the selling pressure continued and brought the price to $28,000, how is BTC progressing?
BTC, which showed a short shot by testing $ 28,700, faced a selling wave that started at this level. First of all, BTC, which tried the monthly opening price, could not hold in these ranges and regressed to the weekly and daily opening price, respectively. BTC, which caught buyers at $ 27,700, again jumped over $ 28,000, giving some confidence to the crypto market. The target of $ 30,000, which is still ongoing in crypto investors, continues with BTC holding above this level.
Bitcoin (BTC) Chart Analysis
Starting an uptrend starting at $ 27,200, BTC tested $ 28,800 in instant pricing. Seeing serious selling pressure from these levels, it declined to $ 27,900. The leader of cryptocurrencies, which could not find enough buyers after falling below the monthly opening price, saw another selling wave and fell below the weekly opening price. It is of great importance that BTC, which is currently holding at $ 28,000, clearly exceeds the levels of $ 28,250 – $ 28,600 and $ 29,190, respectively, in order to move upward. On the downside, the $27,700 level and the $27,200 level can be followed as support.
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