Bitcoin (BTC), which is hovering around 26 thousand 500 dollars, has its sights set on 27 thousand dollars, although it continues its volatile movements.
The gradual decrease in the pressure of FTX on the market gave BTC a sigh of relief. Settled above $26,450, an important minor resistance, the cryptocurrency pioneer made several moves to $27,000. However, sell-side transactions that increased around $26,850 did not allow these moves. How is the technical analysis progressing for BTC, which is traded at $26,579 as of the writing of the news?
Bitcoin (BTC) chart analysis
BTC, which found strength just below $ 25,000 and made an upward move, reached $ 26,860 in a short time. However, the fact that this level was close to a decisive area naturally brought selling pressure. BTC, which is currently traded at $26,579, can move towards $27,151 and $27,467 if it remains above $26,820.
FTX triggering a possible crisis. Staying below $26,450 or releasing FUD news into the market will push the BTC price lower. The points that can be considered as support in such a scenario are 26,382 – 26,000 – 25,814 – 25,647 and 25,300 dollars, respectively. Any time spent below $25,300 will pose risks for BTC.
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