What is the latest situation in Bitcoin (BTC), which is dominated by sell-side transactions after touching $ 30 thousand 350?
BTC, which has been hovering between $ 29,500 – $ 31,500 for more than 30 days, is slowly coming to the end of this process. The star of cryptocurrencies, which started to retreat after testing $ 30,350, is currently trading at $ 29,792. BTC, which is trying to find a buyer at the top of an important support area, may face harder decreases if it cannot maintain this value. How is the BTC chart progressing?
Bitcoin (BTC) technical analysis
After testing $ 30,350, BTC, which started to retreat, came up to $ 29,790. If the leader of cryptocurrencies, which is currently trying to hold on to the upper point of the support zone, does not receive a reaction at $ 29,535, it may decrease to $ 28,900 – 28,040 – 27,467 and $ 26,810, respectively, in the short-medium term.
Persistence above $30,300 is essential for BTC to re-establish a positive mood. A climb to 31,360 and 32,400 levels can then be targeted. But in this process, the news flow in the market and especially the developments in the Ripple-SEC case seem to be decisive.
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