Finally, Bitcoin (BTC), which was last traded at 38 thousand dollars in May 2022, returned to the same levels and put the market in flight mode.
BTC, which made an upward attack as of yesterday evening, directly hit $ 38,394. The leader of cryptocurrencies, which demonstrated a performance of 4.62 percent in the last two days, also reached its highest value since May 2022. However, it has become a matter of curiosity whether BTC, which has pushed altcoins up incredibly, can reach $ 40,000.
Can BTC, which has attracted more attention with its cryptocurrency market value exceeding 1.4 trillion dollars, continue its glorious rise? What’s the latest situation on the technical side?
Trend support worked effectively!
BTC, which has been in an upward trend since $ 34,000, touched on this trend due to the recent Fud news. As the talk among crypto investors that the bullish season has come to an end is increasing, BTC has made another attack. As a result of contacting the trend, BTC turned its course upward again and recorded a total increase of 4.62 percent by hitting $ 38,394.
As of the writing of the news, BTC, which found buyers at $ 38,076, seems to continue its rise as long as it maintains its interest and relevance. If there is no negative news that will pull the market down and BTC settles above $ 37,970, $ 38,424 – 38,935 – 38,609 and $ 40,381 can be targeted, respectively. A completely different season may begin in the cryptocurrency market, especially as it exceeds $40,000.
Situations such as the market being at risk due to various news, especially regulators, BTC breaking the uptrend or not being able to maintain permanence above $ 37,970 will strengthen the possibilities of withdrawal. In such a scenario, the levels of 37.347 – 36.520 – 35.879 and 35.293 dollars, respectively, can be followed as support.
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