Will the crypto money market, which has gone green after Grayscale’s defeat of the SEC, maintain this effect, led by Bitcoin (BTC)?
The winner of the Grayscale-SEC lawsuit, which has been going on for a while, was Grayscale. However, BTC, which went on the attack, increased directly from $ 26,000 to $ 28,150. With a total performance of 8.27 percent, what levels can the leader of cryptocurrencies test if it continues its momentum?
Bitcoin (BTC) technical analysis
BTC, which has been hovering around $ 26,000 for days, finally managed to get out of this area with the Grayscale victory. In fact, leaving this region with volume, BTC exceeded a critical resistance level of $ 26,800 in one move. Now priced around 27,840, BTC will target $28,400 – $29,088 and $29,733, respectively, as long as it stays above $27,467.
The negative evolution of both the industry and global-based news flow or the fact that BTC remains below $ 27,467 strengthens the hand of the sellers. In such a scenario, pullbacks to the $26,800 – $26.582 region would be possible. If the decision zone cannot be protected, the $ 25,200 levels will be on the table again.
50667
