Can Bitcoin (BTC), which jumped from the $ 26 thousand 800 band to over $ 27 thousand, continue its upward movement?
BTC, which has been trading with a downward trend since $ 30,000, created a negative image for the crypto world by testing $ 26,600. However, the fact that BTC jumped above $ 27,000 in the morning increased the confidence in the market and directly affected the buy-side transactions. Can BTC, which is currently at $ 27,069, be permanent above these values? Or is the downtrend still going for the short term?
Bitcoin (BTC) Chart Analysis
Currently trading at $27,069, BTC is trying to break above the initial resistance of $27,255. The pioneer of cryptocurrencies, which has been withdrawn due to fud news for a while, has gradually turned its course upwards. BTC, which bounces from the support band of $ 26,800 to $ 27.00, can make contact with the levels of 28,186 – 28,775 – 29,250 and finally 30,000, respectively, provided that it persists above this level.
Situations such as the news flow that may shake up the crypto ecosystem and the continued dominance of the sellers may drag the BTC price to even lower points for the short term. In this scenario, the support levels that can be followed for BTC are $26,783 – $25.827 – $25,257, respectively. At these points, we can see that the buy-side transactions dominate.
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