Bitcoin (BTC), which reached 24 thousand 900 dollars yesterday evening, reached 26 thousand dollars in a short time, reaching the peak of volatility.
FTX’s liquidation news continues to spread fear among investors and the market in recent days. FTX, which still has a large amount of popular and voluminous crypto currencies such as SOL, FTT, BTC, created panic for a possible sell-side move. Frightened by this situation, crypto investors increased their sales transactions and pulled the market down. Unable to withstand the pressure, BTC took a breath of relief in a short time, even though it dropped to $ 24,900.
What awaits us in Bitcoin (BTC)?
In fact, BTC, which gained upward momentum by receiving a reaction from the intermediate level, has not completely eliminated the risks. FTX’s pressure on the sector may cause investors to liquidate their holdings at any time. BTC registered a 4.30 percent increase from $24,900. However, pullbacks to 25,338 – 25,157 and 24,832 dollars remain a strong possibility.
If the FTX turmoil moves in favor of the crypto industry or BTC settles above $26,300, the positive trend will be strengthened. In such a scenario, the resistance points to be followed will be 26,450 – 26,820 – 27,150 and 27,467 dollars, respectively. Especially the range of $ 26,650 – $ 26,820 is critical in determining the direction in the short term.
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