Bitcoin (BTC), where sellers took control after the rumors about FTX started, could not have a strong start to the week.
FTX’s claim that it will sell its remaining assets has once again dragged cryptocurrencies down. BTC, which was hovering around $26,000, could not withstand the rumors that started with FTX and retreated to the support level. The leader of the cryptocurrencies, which dropped to $ 25,550, is traded at $ 25,850. BTC’s situation seems difficult unless the $ 26,300 level is clearly exceeded. So, what is the latest situation on the BTC chart? Which levels should be considered?
Bitcoin (BTC) chart review
BTC, which tried to recover after dropping to $ 25,350, was shaken by the developments in FTX. BTC, which reached $26,450 and moved altcoins up slightly, eased to $25,550, pulling the market below its previous level. BTC, which found buyers at $ 25,860 as of the writing of the news, can target $ 26,442 and $ 26,820 as long as it holds above $ 26,000.
Failure to break $ 26,000 in volume or the emergence of sector-based FUD news will naturally bring the BTC price to the lower levels. In such a scenario, the points where buyers can be found are 25,550 – 25,150 and 24,830 dollars, respectively. Any time spent below $25,300 – $25,150 will continue to pose a danger for cryptocurrencies.
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