The process of Bitcoin (BTC) not being able to clearly exceed the $ 28 thousand 700 level continues, currently BTC analysis.
With BTC making its ATH on the recent chart, increasing selling pressures from Binance and CZ also created fear in the market. BTC, which has withdrawn by testing $ 29,150, is struggling for the resistance of $ 28,700. Considering the wide time frame, the $27,600 level is critical, working as a good support level today.
Bitcoin (BTC) Chart Analysis
With the negative pricing of the fud news, BTC, which fell to 27,550 levels, quickly gathered strength and reached $ 28,300 again. BTC, which is holding just above the support in the short time frame, has confused crypto investors.
Currently hovering around $27.600 – $28.500, BTC continues to price in the intermediate position when looking at the short time frame. Permanence above $28,700 plays an important role in the formation of uptrend net data. Staying above the resistance could bring BTC back to $29,150. In a possible downside price movement, the $27,600 – $26,800 levels can act as support, respectively.
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