The dominance of sellers in Bitcoin (BTC), which attacked $ 30 thousand 250 a few days ago, has not yet ended.
BTC, which has broken $ 29,700 with volume in the past days, and is on its way to $ 30,250, continues to retreat from minor resistance points. Finally, the leader of the market, which increased to $ 29,720, was withdrawn to $ 29,400, unable to withstand the selling pressure. What does the chart mean in BTC, which is currently traded at $ 29,438?
Bitcoin (BTC) chart analysis
Failing the $30,250 test, BTC made an swing up to $29,400. Currently, BTC, which is trading just below the resistance area, can set the stage for rises towards $ 30,300 – $ 30,800 and $ 31,400, respectively, if it can break above $ 29,700.
In case of rejection at $29,700 again or if the news flow in the sector remains negative, a pullback to support levels is likely. On the BTC side, the levels where buyers can take an active role are 29,262 – 28,896 – 28,406 and 28,039 dollars, respectively.
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