The allegations about CZ, the CEO of Binance, the leading exchange of the crypto industry, are exacerbating the $ 28,000 battle in Bitcoin (BTC).
Binance and CZ side crises continue since Binance experienced systemic problems and stopped spot trading in the past days. The lawsuit against CZ by the CTFC last week hit the agenda like a bombshell, creating a fearful atmosphere in the market. As of yesterday, the agenda took a completely different turn after Interpol shared the news that CZ was sought. Yesterday
How is the cryptocurrency market, which has made drastic moves with CZ being targeted in this way?
Bitcoin (BTC) Chart Analysis
Bitcoin’s upward momentum, which started from $ 26,700 to $ 29,150, has calmed down for the current situation. The leader of cryptocurrencies, which became profitable with a great selling pressure from $ 29,150, has tested the levels of $ 27,600 many times. BTC, which found willing buyers from almost every $ 27,600 test it performed, showed bullish reactions. Recent Fud news, especially from the targeting of CZ, crypto investors have not yet clarified their crypto trades.
BTC, which is currently in the price range of 27,600 – 28,200, can start a move to the levels of $ 28,700 if 28,200 is exceeded. If there is no buyer to hold the $27,600 level, a drop to $26,800 can be followed. In which direction the news flow will continue, and most importantly, developments by Binance and CZ can have a big say in the direction of the market.
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