As Bitcoin (BTC) continues to hover around intermediate support levels, how are the price levels and market conditions on the BTC side?
BTC settled on a lower support, breaking the support channel of $23,330 recently. BTC has not yet been able to push its price to the level of $ 23000. The upward trend, which has been going on for a while, has created great opportunities for both altcoins and BTC.
Parameters such as meetings, interest, inflation, which are the realities of the global economy, continue to affect BTC in terms of price. In the past days, we have seen BTC pull back to the $22,600 level. These pullbacks have raised concerns among investors that the price may drop further.
Current Analysis for BTC, Where Is The Price Heading?
Analyzing the BTC chart on the 15-minute time frame, the price appears to be hovering around the close resistance at $22.965. As the price continued below the close and strong support of $23,300, there were pullbacks to the $22,600 level. Investors do not continue with buyers in BTC for now. BTC is sitting at the price of $22.965–$22,560. In line with the reactions it will receive at this intermediate price, if it rises above $22,965 again, it is $23,300, and if it goes below $22,560, price decreases may continue to be experienced until $22,280.
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Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTC has turned the dominance levels of 43.40 percent and 43.37–43.33 into support in the half-hour period. In order to talk about a possible bullish scenario for altcoins, 43.34–43.33 support should be broken down. Exceeding the 43.60 level for BTC dominance and moving to 43.68 to 43.98 may lead to price pullbacks for altcoins.
Market Value Analysis for Bitcoin
The pioneer of the crypto industry, BTC, has started to lose buyers in recent days. BTC, whose market value has decreased since last year, has started to show strength in recent days. BTC, which has a market value of 439 billion dollars and 429 billion dollars as support, can run the 452 billion dollars market cap as resistance in the rising scenario of the market value.
The current price of Bitcoin is as follows;
Bitcoin (BTC)
32249
