Bull voices are rising in Bitcoin (BTC), which is booming with ETF applications from BlackRock and WisdomTree.
The rush of ETFs initiated by BlackRock and WisdomTree has brought a spring mood to the crypto ecosystem. Reaching $29,000 from $24,800, BTC increased by 17.30 percent in 6 days. Continuing to shine with ETF applications, BTC is currently pushing $30,000. While the fundamental analysis data shows positive, what is the latest situation on the technical analysis side?
High Levels in Bitcoin (BTC)
With the ETF news reviving the sector, BTC, which started to increase rapidly, almost did not recognize the resistance levels. The leader of cryptocurrencies, which has risen in volume since $ 26,000, exceeded $ 29,000 at night. However, it decreased to $ 28,775 with the pressure of sellers in this region. Which levels should be considered in BTC, which is currently trading above the resistance level?
In order to expect $ 30,000 in BTC, the permanence of over $ 29,250 and the news flow in the market in this process are of great importance. Although ETF news has carried BTC, fud news from regulators or elsewhere could push the price back down. In this case, the support points that can be followed for BTC are 28,200 – 27,200 – 26,800 and 25,250 dollars, respectively.
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