BTC, which started to retreat after trying and failing at $26,450 several times, lost even more power after the X account belonging to Vitalik Buterin was seized. Although it occasionally jumps above $ 26,000, the admiral of these cryptocurrencies, which cannot provide permanence, continues the uncertainty in the market.
Bitcoin (BTC) chart analysis
BTC, which has been hovering in the range of $25,600 – $26,100 except for a few violations, may exhibit sharper movements when it exits the accumulation process. Currently, BTC has found buyers at $25,860. The first levels it must exceed in order to clarify its upward movement are $26,000 – $26,450 and $26,800. The $26,724 – $26,800 range could offer clear data for the price structure in the short term. With a voluminous breakdown of this range, the $30,000 level will start to be talked about again.
Failure to exceed $26,000 or industry-based FUD news will push BTC to an important threshold. Failure to maintain $25,600 as support will strengthen the decline to the $25,300 – $25,150 region, creating the possibility of a test towards $24,800. Any process below $25,150 is a sign that bear dominance continues.
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