Bitcoin (BTC), where buyers have become stronger after overcoming the Fuds, is knocking on the door of 28 thousand dollars.
The cryptocurrency market, which has been surrounded by many negative news lately, has remained in the background with the excitement added by ETFs. BTC managed to maintain $26,000 as support and increased by more than $2,000 in a very short time. But $28,000 remains the biggest obstacle for BTC at the moment. Once this level is exceeded, the increase momentum may gain a different dimension.
Bitcoin (BTC) chart analysis
BTC, which changed its course upward after touching $ 26,034, was rejected at $ 28,570 and fell to 27,151. The pioneer of cryptocurrencies, which then gained positive momentum and priced upwards again, saw sales at $ 28,120. From a broad perspective, BTC, which cannot sustain above $ 28,000, may fall to 26,800 – 26,400 – 26,034 and 25,638 dollars, respectively, as long as it breaks $ 27,480 downwards.
Every move above $28,120 will naturally increase BTC’s bullish signals. In such a situation, the levels that can be followed as resistance are 28,815 – 29,547 and 30,026 dollars, respectively. In this phase, fundamental analysis will have an important role as well as technical analysis. In particular, the outcome of ETF applications plays a critical role.
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