Bitcoin (BTC), which has been trading in the range of $ 31 thousand 500 – $ 29 thousand 500 since June 21, broke this area to the downside.
BTC, which first gained momentum with the effect of the ETF news, had exceeded $ 30,000 in just a few days. Although FUD news came from time to time in this process, BTC, which received a reaction from the support of $ 29,500, did not show a breakdown. Positive news about crypto in the ensuing Ripple-SEC lawsuit instantly moved BTC to $31,800. However, the weakening of the news cycle in the market and increasing sales in cryptocurrencies brought BTC up to $ 28,900.
Bitcoin (BTC) chart analysis
With the breakdown of $ 29,500, BTC, which directly hits $ 28,900, currently finds buyers at $ 29,150. The leading cryptocurrency, which is traded just above the support zone, can decline to $28,039 – $27,467 and $26,800, respectively, if it breaks down $28,900.
Positive news from critical elements such as ETF and Ripple may turn the market’s course up again. In this scenario, the resistance zones to be followed on behalf of BTC are 29.535 – 30.300 – 31.360 and $ 32.400. Especially at the $31,360 resistance, sell-side transactions may weigh on.
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