Bitcoin (BTC), where the buyer and seller war is getting hotter, can exit the price zone where it has been for a month at any time.
BTC, which has been in the range of $ 29,500 – $ 31,500, has not yet been able to break this region. About three days ago, BTC, which tested the bottom of the price range at $ 29,500, received a reaction from here and jumped above $ 30,000. However, the dominance of sell-side transactions around $ 30,300 pulled BTC up to $ 29,830. What is the latest situation on the chart of BTC, which is getting closer to making a hard price action?
Bitcoin (BTC) Chart Analysis
BTC, which is currently around $ 29,800, has been protecting its price zone for exactly a month. The leader of cryptocurrencies, which is almost yoyo between $ 29,500 – $ 31,500, is very close to the bottom level for now. The fact that BTC is trading just above $29,500 and failing to settle above $30,000 indicates that the selling trend among investors has increased.
On the technical side, the two important regions we should follow are $29,500 and $31,500. With the downside break of $29,500, a pullback to $28,900 – 28,000 – $27,467 and $26,810 is likely. If the price persists above $30,300, a breakthrough can be made to 31.360 – 32.400 and 33.400 levels, respectively.
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