Bitcoin (BTC), which remained relatively calm after the Fed interest rate decision process, started counting down to chart its course.
BTC, which delighted the crypto industry with upward price movements until the Fed’s interest rate decision, reversed this trend after the decision. The pioneer of cryptocurrencies, which turned its course downward after hitting $ 27,460, is currently hovering around $ 26,572. BTC, which has not yet revealed a clear outlook, is approaching the decision process step by step. So, which levels are important to monitor in this process?
Bitcoin (BTC) chart analysis
BTC, which tested the $ 27,460 resistance several times and failed, dropped the needle to $ 26,380. However, the fact that this level coincided with the support zone naturally caused a reaction. As long as BTC, which is traded at $26,572 as of the writing of the news, remains above $26,800, its target levels will be 27,151 – 27,466 – 28,115 – 29,088 and 29,512 dollars, respectively.
Situations such as failure to hold $26,380 or FUD news surrounding the market again will gradually weaken BTC. In such a scenario, the levels that can be followed as support are 26,034 – 25,646 and 25,300 dollars, respectively.
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