Bitcoin (BTC), which fell after testing $ 29,500, is trying to find a buyer at $ 29,000.
BTC, which started to retreat with the effect of FUD news in the market, is trading below $ 29,000 as of the writing of the news. BTC, which touched $ 29,700 in the past days and $ 29,500 yesterday, continues its pricing in which sellers prevail. What’s going on in the current BTC chart?
Bitcoin (BTC) technical analysis
BTC, which is currently traded at $ 28,924, continues its war of $ 29,000. The leader of cryptocurrencies, which has been on a downward trend since the test of $ 29,700, has not yet been able to see buyer support. If the declines on the BTC side continue, the support points that can be followed are 28,900 – 28,400 – 28,040 – 27,467 and 26,810 dollars, respectively. In particular, the protection of $26,810 is critical. Otherwise, easing up to $25,250 is possible.
A voluminous break of $29,700 or any further developments by fundamental analysis could push BTC price up quickly. First of all, the decision level at $29,500 will be important. With the overcoming of this resistance, 30,300 – 31,436 and 32,400 dollars can be targeted, respectively.
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