Bitcoin (BTC), which weakened to 26 thousand dollars after failing to exceed 27 thousand 460 dollars, received a reaction from an important support level.
BTC, which continued to struggle with the resistance of $ 27 thousand 460, started to loosen up shortly after failing to break this level. The leader of the cryptocurrencies, which fell to $ 25,950, found strength from the minor support level and broke above $ 26,000 again. However, BTC, currently hovering around $26,000, has not ended the dangers yet. How are things going on the technical side of BTC? Which levels should be taken into consideration?
Bitcoin (BTC) chart analysis
As of the writing of the news, BTC, which found buyers at $ 26,244, will target $ 26,808 – $ 26,947, which is a critical resistance area, if it exceeds $ 26,400. If this region is exceeded in volume, BTC’s new targets will be 27,151 – 27,466 and 28,120 dollars, respectively.
With the breakout of $26,034, the pioneer of cryptocurrencies may see a harsher selling pressure. In such a situation, withdrawals up to 25,647 – 25,300 – 25,100 and 25,009 dollars can be expected, respectively. In particular, the $25,300 – $25,100 range will have a say in BTC’s short-medium term outlook.
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