Bitcoin (BTC), which made an upward move during the night hours, touched $ 30 thousand 250 and retreated to the decision zone.
The fundamental analysis side of PayPal, which gained strength with the formation of PYUSD, clearly reflected this on BTC. The pioneer of the industry, which managed to reach $ 30,250 from $ 28,800 in the last two days, showed a performance of 5.28 percent. What prices should be followed in BTC, which has now found buyers at $ 29,700?
Bitcoin (BTC) technical analysis
Moving upwards with the stablecoin move from PayPal, BTC increased by 5.28 percent in a short time. The leader of cryptocurrencies, which could not withstand the selling pressure after testing $ 30,250, is currently trading at $ 29,686. The first level of resistance that can be followed in BTC’s bullish scenario is $30,303. Settlement above this level could trigger a move towards $30,808 and $31,516.
If the positive news erodes, the FUD news feed begins, or BTC stays below $29,698, it could drag the price down. In such a case, the points that can be followed as support are 29,262 – 28.896 – 28,406 – 28,039 – 27,467 and 26,800 dollars, respectively.
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