Bitcoin (BTC) has passed the monthly opening price after breaking the resistance of $ 28 thousand 250, can the upward movements in BTC continue?
Breaking the resistance area at $28,250, BTC also surpassed its monthly opening price, with buyers outweighing it. The current short-term uptrend capture may indicate that the price may target even higher. The leader of cryptocurrencies, which is in the range of $ 28,250 – $ 28,600, can move towards the $ 30,000 levels if it overcomes the resistance in front of it.
Bitcoin (BTC) Chart Analysis
BTC, which created an upward trend from around $ 27,200, reached $ 28,750 in instant pricing. From these levels, it was rejected for the time being, falling to $ 28,500. After leaving behind the opening at the weekly price, $ 28,250 and exceeding the monthly opening price, BTC seems to have paved the way for the big rises that can be experienced for now. Staying above the $28,750 level could take BTC up to $29,200.
If the rising trend is broken and replaced by a bearish scenario, it is of great importance to follow the levels of $ 28.200 – $ 27.700 – $ 27.200, respectively.
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