Bitcoin (BTC), which sees intense selling pressure every time it rises above 28 thousand dollars, is having active hours.
BTC, which left a large liquidity by dropping a needle to $ 28,550 and $ 28,120, caused confusion. Although the strong news flow is a cure for BTC, every move above $28,000 continues to pose difficulties. What is the latest situation on the technical side for the pioneer of cryptocurrencies, which has not yet clearly decided its route?
Bitcoin (BTC) chart analysis
BTC, which exploded after touching $ 26,034, was rejected at $ 28,570 and fell to 27,151. The leader of the cryptocurrencies, which later made a upward move, retreated from $ 28,120. BTC, which generally has difficulty holding above $ 28,000, may fall to $ 26,800 – 26,400 – 26,034 and $ 25,638 respectively, as long as it breaks $ 27,480 downwards.
Every move above $28,120 will increase the chances of BTC’s bull run. In such a situation, the levels that can be followed as resistance are 28,815 – 29,547 and 30,026 dollars, respectively. In this process, fundamental analysis will be as important as technical analysis. In particular, the outcome of ETF applications may be decisive.
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