Bitcoin (BTC), which has come to the decision stage, is at rest to determine its price route, will BTC be able to draw a bullish route?
Indecision continues on the Bitcoin (BTC) side. BTC, which is at an intermediate price for the current situation, can draw its price route in line with any development. The succession of Fud news caused a serious shock in BTC, the direction decision of BTC, which is at $ 22,400 as the current situation, is getting closer. Events in the near-term could play a big role in the price of BTC.
Bitcoin (BTC) Chart Analysis
On the BTC side, when examined on the 4-hour time frame, a persistent overcoming of the $ 23,630 level can be followed to turn the route up. If BTC, which is currently at an intermediate price, does not find enough buyers in the crypto market, there may be pullbacks up to $ 21,490. Affected by the negative news for the current situation, BTC has entered the process of determining its price route.
Market Value Analysis for Bitcoin
With the ongoing negative mood in the crypto market, there have also been big drops for the BTC market cap. BTC, which is accepted as support from its market value of 430 billion dollars, is hovering above the market value of 432 billion dollars. BTC market value can be expected to break the $ 452 billion market value permanently in order to take an upward action. In the possible market value decrease scenario, the value of 417 billion dollars can be followed as support.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTC, which is in the intermediate area in terms of price, is progressing at the intermediate levels for the dominance level. Receiving a reaction from approximately 43.50 percent dominance level, BTC is likely to see decreases on the side of altcoins when the 44 percent dominance level is exceeded. In order for a bullish route to be formed on the altcoins side, a relaxation process of the BTC dominance level to 43.40 percent can be followed.
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