Bitcoin (BTC), which stepped into the week from $ 27,110, could not hold at this value and loosened up to $ 26,800.
BTC, which made a negative start to the new week, experienced a significant decrease in the short term. The fact that the weekly opening price did not come above $27,250 brought BTC down to $26,700. Finding some strength from this value, BTC came to $ 26,800. BTC, which is in the support band as of the writing of the news, may make drastic movements according to the abandonment of this area.
Bitcoin (BTC) Chart Analysis
BTC, which opened the week at $ 27,070, fell to $ 26,700. It is currently trading at $26,787. The fact that the weekly open was not above the $27,255 resistance was one of the main reasons for BTC’s downward move. BTC, which is currently trying to find buyers in the green area, that is, around $ 26,800, can target 27,255 – 28,159 – 28,775 and 29,250 dollars, respectively, in its upward movement.
The continuation of the negative mood in the market and the failure of BTC to maintain its support position may bring BTC down to $ 25,827 and $ 25,257. In particular, the decision to be made at the level of $ 25,257 can guide the long-term pricing of BTC.
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