After the FUD environment triggered by Binance and FTX calmed down, Bitcoin (BTC), which dropped to 27 thousand 450 dollars, eased to 26 thousand 800 dollars.
Binance and FTX, popular crypto exchanges, have created unrest in the market in recent weeks. As this uneasiness increased the sell-side transactions among investors, BTC fell to $24,900. Later, as the plot calmed down a bit, the leader of the cryptocurrencies took action again. Especially BTC, which increased in volume on September 18, instilled confidence in investors and the market. So, how is the technical structure of BTC currently progressing?
Bitcoin (BTC) chart analysis
BTC, which continued in the upward trend from $ 24,900, came to $ 27,450 almost breathlessly. The fact that this level was close to an important resistance point naturally brought about a sales wave. BTC, which started to retreat from around $ 27,450, reached up to $ 26,800.
In order for the cryptocurrency market to move in a positive direction, the levels that must be exceeded in BTC are 27,151 – 27,467 – 28,115 and 29,088 dollars, respectively. Persistence above $29,000 will strengthen the $30,000 target. Failure to break above $26,800 could trigger a decline again. In such a situation, the support zones to follow are 26,400 – 26,034 – 25,647 and 25,300 dollars, respectively.
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