Bitcoin (BTC), which managed to stand strong against the consecutive sanctions of the SEC, gained 8 percent in a short time.
The crypto money market, which lost value rapidly after the SEC took Binance and Coinbase against it, increased significantly as the situation calmed down. BTC, which increased by 8 percent by pinning from $ 25,350 to $ 27,400, is currently trading at $ 26,880. Can BTC continue its voluminous rise? How was the chaos in the market reflected in technical analysis?
Bitcoin (BTC) Chart Analysis
CZ, the CEO of Binance, pushed BTC from $25,350 to $27,400. BTC, which has increased by 8 percent in a short time, is currently trying to hold above $ 26,800. The dissolution of the dark clouds in the market could help BTC’s upside momentum. In this case, the resistance levels that can be followed on behalf of BTC are 27,255 – 28,180 – 28,775 and 29,250 dollars.
Factors such as increased SEC pressures and buyers’ inability to meet the BTC price can lead to volatile movements. Support levels to follow for BTC in this possible scenario are $26,600 – $25,257 and $24,586. While the situation has become so complicated, statements from the SEC, Binance and Coinbase should be followed closely, as well as technical analysis.
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