News flow, both industry and global, continues to restrict upward movements in Bitcoin (BTC).
BTC, which managed to reach $26,570 on the same day with the reaction it received from $24,900, cannot maintain this power. The leader of the cryptocurrencies, which has started to retreat, is currently traded at $ 25,900. Loosening below the minor resistance, BTC may increase bearish signals as long as it cannot stay above $26,000.
Bitcoin (BTC) chart analysis
BTC, which could not find a price between $ 25,330 – $ 25,150 and shot to $ 24,900, quickly climbed to $ 26,570. BTC, which made the market and crypto investors happy to some extent by exceeding minor resistance levels in volume, turned its course downwards again.
BTC, which is around $26,000 as of the writing of the news, can target $26,820 and $27,150 in the period when it clearly breaks $26,450 and the fundamental analysis goes positive. The $28,400 point may be a deciding factor so that $30,000 levels can be discussed again. Any period below $26,000, continued regulatory pressure, or a possible FTX crisis could bring the price up to $25,624 – 25,150 – 24,832 and $24,279 respectively.
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