The selling pressure that came with Bitcoin exceeding $ 29 thousand pushed the crypto investor to indecision, how is BTC progressing? Current BTC analysis.
With BTC peaking recently, increasing selling pressures from Binance and CZ also surprised investors. BTC, which has withdrawn by testing $ 29,150, is almost fighting for $ 28,000. It is clear from the current course of the market that the $28,000 level is of critical importance in the wide time frame.
Bitcoin (BTC) Chart Analysis
BTC, which fell to 26,900 levels with the negative scenario of the fud news, gathered strength in a short time and showed an increase. The $27,800 resistance was surpassed by the greedy buyers and reached the $28,500 level. This resistance, which is an important criterion for the continuation of the uptrend, was overcome by a voluminous buying pressure in the past days. The voluminous behavior of crypto investors brought with it the instant rise of $ 29,180 on the BTC side.
Currently hovering around $28.200 – $28.600, BTC continues to be in the intermediate position when looking at the big picture. Persistence above $28,400 plays an important role in the formation of healthy uptrend data. Persistence above the resistance may bring BTC to $29,150 again. In a possible downside price movement, the $27,700 – $26,800 levels can act as support, respectively.
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