In the leading cryptocurrency Bitcoin (BTC), a decision phase is expected in the light of negative news flows and negative outlook.
The cryptocurrency market has been moving with the news flow and emerging results lately. BTC, which has not been smiling since its peak of 69 thousand dollars, is going through difficult times as a result of the tightening in the global economy. Today’s news flows are the most important factor that moves the BTC price.
BTC, which rose with Grayscale’s victory against the SEC, fell back after the SEC postponed ETFs. The most important scenario currently talked about in BTC is the $ 23,000 band. Because BlackRock’s ETF application came when BTC was in the $ 20,000 range.
Expectations in Bitcoin and scenarios for BTC
Bitcoin (BTC), the leader of the cryptocurrency industry, continues its activity in a negative outlook.
Looking at BTC’s reaction in the two news streams, it is obvious that the progress is not organic and any outcome can occur at any time. BTC, which was at $ 26,000, rose to $ 28,106. However, the negative news flow, which created a bombshell effect on the agenda, dropped the price of BTC to $ 25,400. The 7 percent volatility between the two news streams also opens the curtain to the next news.
If the scenario is good and the news flow is positive, the closest resistance point for BTC is $ 26,000. Breaking this point and maintaining persistence above it may push BTC to the 26,313 region. If it manages to break through the resistances, the $26,600 to $26,800 zone will be a take profit point for BTC. However, if BTC maintains the positive atmosphere, it may rise to $27,500 and try this point.
If the scenario remains negative and possible bad scenarios may drop BTC to $ 25,200. If this point is lost, the $ 23,000 level comes to the fore for BTC. Many analysts also point to $23,000.
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