The battle for 30 thousand dollars in Bitcoin (BTC) continues, how can this process where bulls and bears struggle, how can it progress?
After June 2022, the leading crypto currency, which saw the levels of $ 30,000 again, is intensifying the bull and bear war. BTC, which rose to $ 30,000 in the night hours of April 11, has been going around in the range of $ 30,500 – $ 29,900 since those hours. In order to determine the winner of the bull and bear war, it is necessary to clearly observe the price movements. Another criterion is the “news feed”, which has a big say in the crypto industry. We can say that the news flow will have a significant share in the next pricing of BTC.
Bitcoin (BTC) Chart Analysis
BTC, which exceeded $ 30,000 in the night hours of April 11, instantly increased to $ 30,425. With the reaction from here, it eased to $ 29,900 levels. BTC, which created a price area for these ranges in a short time frame, continues its pricing by contacting support and resistance.
In order for BTC to target higher levels, persistence above the $ 30,500 level should be followed at first. According to the reaction from this value, $31,000 and $32,400 levels can be expected, respectively. In the event that the bears gain strength, the $29,400 – 28,750 – $28,250 levels, respectively, will likely act as support.
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