Bitcoin (BTC), which has entered the recovery phase as the news flow in the market slows down, may make a sharper price move in a short time.

BTC, which quickly escaped the sales pressure and panic environment created by FUD news, directly reached $ 27,460. However, the fact that this value is a deciding factor in the BTC price structure constantly brings selling pressure. The pioneer of cryptocurrencies, which tried this minor resistance several times last night, failed again. So, to what levels can a rise be observed when $27,460 is exceeded? Which levels can be followed as support in downward movements?

Bitcoin (BTC) chart analysis

BTC, which started to attack at $ 24,900, took its breath away at $ 27,460. However, the fact that this value is both a minor resistance and a decision-maker has naturally increased sell-side transactions. BTC, which started to loosen from $ 27,460, reached $ 27,050 after hitting $ 26,950.

In order for the positive trend in cryptocurrencies to continue, persistence above $ 27,467 is essential. Then the levels that can be targeted are $28,115 and $29,088, respectively. In particular, a significant breach of $27,467 will strengthen the possibility of a move to $30,000. In case the market reverses, the support levels that can be followed are 26,800 – 28,400 – 26,034 – 25,647 and 25,300 dollars, respectively.