Where is the price heading in Bitcoin (BTC), which cannot open weekly in a perfectly good price zone?
The cryptocurrency market, which has been leading the sellers for a few days, was also reflected in the weekly opening. BTC, which started trading at $ 25,900, caused concern in investors as it could not sustain above $ 26,200. The $25,257 and $26,200 points in BTC, which has not yet formed a clear price structure, may be decisive for the short-term direction of the sector.
Bitcoin (BTC) Chart Evaluation
Starting the week at $25,900, BTC continues its indecisive price movements. As of yesterday, BTC, which tested $ 26,200, saw great selling pressure from this point and relaxed up to $ 25,300. The leader of cryptocurrencies, which are currently traded at $ 25,840, the resistance levels that must be exceeded in order to be able to price upwards are respectively 26,200 – 26,800 – 27,255 – 28,142 – 28,775 and 29,250 dollars.
The negative news flow, the problems within the exchanges and the pressure of the regulators on the sector may bring the BTC price down day by day. In this scenario, the support levels that can be followed for BTC are $ 25,257 and $24,586.
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