Bitcoin (BTC), which has been trading in a price range of 2.50 percent for days, can explode at any moment.
Coming to the range of 30.300 – 29.500, BTC has not been able to leave this region yet. BTC, which has been going around in the price range of only 2.50 percent for about 10 days, may be ringing the alarm bells. Considering that it has accumulated in the range of $ 31,500 – $ 29,500 for the last 30 days, the boom on the BTC side may be closer than we think. In this process, it seems that the news from the crypto industry will decide the direction of BTC.
Bitcoin (BTC) Chart Analysis
As of the writing of the news, BTC, which is traded at $ 29,950, has been in the same price zone for more than a month. The leader of cryptocurrencies, which almost went back and forth between $ 29,500 – $ 31,500, got stuck. In particular, the accumulative process, which started at $30,300 on July 14, settled in a narrower range.
The two critical levels we need to follow in the technical structure are $29,500 and $31,500. With the downside break of $29,500, there may be a pullback to $28,900 – 28,000 – $27,467 and $26,810. With the price staying above $30,300, investors can follow the resistances of 31,360 – 32,400 and 33,400, respectively.
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