Is it okay or continue for Bitcoin (BTC), which has been falling breathlessly since testing $ 28,550?
BTC, which gained momentum as various companies updated their ETF applications, dropped to $ 28,550. BTC, which could not maintain permanence at these levels and relaxed a little, later made another move and reached $ 28,120. However, the fact that there was no development to increase the price and the Israeli-Palestinian war created tension in the financial markets shook BTC.
Sharper declines may be on the way!
BTC, which has received a reaction for now from the range of $ 26,613 – $ 26,426, climbed to $ 26,869. The pioneer of cryptocurrencies, which has not yet completely eliminated the risks, may face a large volume of sales transactions if it loses this range. First, the $26,034 level can be followed as support. Afterwards, buyers can be expected to play an active role at $25,325.
Situations such as the decrease of Fuds in the crypto industry, the calming of geopolitical chaos, or BTC staying above $26,613 will strengthen the price over time. In such a scenario, increases up to 27,151 – 27,482 – 28,120 and 28,815 dollars can be observed, respectively.
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